https://www.taxtmi.com/caselaws?id=63341 The case involved issues related to addition to income due to non-compliance with s. 145A of the IT Act, disallowance of Mandi-tax liability, and addition to income due to enhanced value of closing stock inventory. The court upheld the decisions of the AO and CIT(A) regarding all three issues, resulting in dismissals of the appeals. The Tribunal emphasized the importance of consistency in accounting methods and the crystallization of liabilities for deductions, ultimately ruling against the assessee in all aspects. en-us Tue, 30 Jun 2009 00:00:00 +0530 Sat, 28 Jul 2012 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63341 The case involved issues related to addition to income due to non-compliance with s. 145A of the IT Act, disallowance of Mandi-tax liability, and addition to income due to enhanced value of closing stock inventory. The court upheld the decisions of the AO and CIT(A) regarding all three issues, resulting in dismissals of the appeals. The Tribunal emphasized the importance of consistency in accounting methods and the crystallization of liabilities for deductions, ultimately ruling against the assessee in all aspects. Case-Laws Income Tax Tue, 30 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63341