https://www.taxtmi.com/caselaws?id=61681 The Tribunal upheld the deletion of additions made on account of closing stock, prepaid excise duty, and prepaid license fee, as well as the deletion of disallowances on entertainment expenses and contributions towards provident fund. However, the Tribunal sustained the disallowance of guest house expenses and reversed the addition made under section 40A(3). Both the Revenue's and the assessee's appeals were partly allowed, with decisions based on established legal precedents and interpretations. en-us Mon, 03 Mar 2003 00:00:00 +0530 Thu, 13 Jan 2011 18:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61681 The Tribunal upheld the deletion of additions made on account of closing stock, prepaid excise duty, and prepaid license fee, as well as the deletion of disallowances on entertainment expenses and contributions towards provident fund. However, the Tribunal sustained the disallowance of guest house expenses and reversed the addition made under section 40A(3). Both the Revenue's and the assessee's appeals were partly allowed, with decisions based on established legal precedents and interpretations. Case-Laws Income Tax Mon, 03 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61681