https://www.taxtmi.com/caselaws?id=63056 The Tribunal dismissed the Department's appeal and partly allowed the assessee's appeal. The Tribunal ruled in favor of the assessee on various issues, including the exclusion of excise duty from the valuation of closing stock, calculation of perquisite value of cars for directors, exclusion of notional interest on deposits as a perquisite, inclusion of certain expenses as perquisites, disallowance of certain expenses, rejection of deduction under s. 80HHC, addition of scrap stock value, and disallowances related to gratuity payment, salary expenditure, legal expense provision, repairs to buildings, and ad hoc expenses. en-us Mon, 11 Oct 1999 00:00:00 +0530 Thu, 27 Jan 2011 16:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63056 The Tribunal dismissed the Department's appeal and partly allowed the assessee's appeal. The Tribunal ruled in favor of the assessee on various issues, including the exclusion of excise duty from the valuation of closing stock, calculation of perquisite value of cars for directors, exclusion of notional interest on deposits as a perquisite, inclusion of certain expenses as perquisites, disallowance of certain expenses, rejection of deduction under s. 80HHC, addition of scrap stock value, and disallowances related to gratuity payment, salary expenditure, legal expense provision, repairs to buildings, and ad hoc expenses. Case-Laws Income Tax Mon, 11 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63056