Dismissing the appeal the Court held that the auditors had accepted it. The accounts had been approved by the company in general meeting and had also been filed with the Registrar of Companies. Therefore, the Tribunal was correct in not interfering with the order of the Dispute Resolution Panel with regard to computation of the profit level indicator. The Dispute Resolution Panel had correctly held that the solar trial activity was an extraordinary item and was not part of the regular business of the assessee and there was impairment of asset.<\/p>\n","protected":false},"excerpt":{"rendered":"
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