https://www.taxtmi.com/caselaws?id=62489 The Appellate Tribunal partially allowed the assessee's appeal by directing the deletion of the trading addition challenged in the case. The Tribunal disagreed with the Income Tax Officer's valuation of the closing stock and ordered the removal of the Rs. 30,621 addition. The issues related to disallowance under Section 43B of the IT Act and claimed travelling and sumptuary allowances were remitted back to the CIT(A) for further review. The disallowance of the allowances was upheld, while the matter under Section 43B required reconsideration based on specific legal provisions. en-us Wed, 27 Sep 1989 00:00:00 +0530 Thu, 20 Jan 2011 10:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62489 The Appellate Tribunal partially allowed the assessee's appeal by directing the deletion of the trading addition challenged in the case. The Tribunal disagreed with the Income Tax Officer's valuation of the closing stock and ordered the removal of the Rs. 30,621 addition. The issues related to disallowance under Section 43B of the IT Act and claimed travelling and sumptuary allowances were remitted back to the CIT(A) for further review. The disallowance of the allowances was upheld, while the matter under Section 43B required reconsideration based on specific legal provisions. Case-Laws Income Tax Wed, 27 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62489