https://www.taxtmi.com/caselaws?id=64301 The Revenue's appeal was partly allowed for statistical purposes by the ITAT. The deletion of customs duty from closing stock valuation was upheld, citing relevant case law. However, the allowance of expenditure on articles without proper evidence for business promotion was disallowed, with the ITAT overturning the CIT(A)'s decision. Regarding eligibility for deduction under section 80-O, the ITAT emphasized consistency and referred the matter back to the AO for independent consideration based on past decisions and legal precedents. en-us Mon, 08 Nov 2004 00:00:00 +0530 Mon, 07 Feb 2011 10:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64301 The Revenue's appeal was partly allowed for statistical purposes by the ITAT. The deletion of customs duty from closing stock valuation was upheld, citing relevant case law. However, the allowance of expenditure on articles without proper evidence for business promotion was disallowed, with the ITAT overturning the CIT(A)'s decision. Regarding eligibility for deduction under section 80-O, the ITAT emphasized consistency and referred the matter back to the AO for independent consideration based on past decisions and legal precedents. Case-Laws Income Tax Mon, 08 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64301