https://www.taxtmi.com/caselaws?id=64720 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The addition for alleged under-valuation of closing stock was deleted as the AO failed to justify the assumption of suppressed value. Disallowances related to sales tax liabilities were allowed following the Supreme Court's decision. The disallowance under Section 80VV was reduced as it did not cover consultation fees. Disallowance of manufacturing expenses was overturned due to consistent expenses and lack of justification. The addition on account of closing stock of two motors was reduced to align with the cost price. Disallowance of consumable stores expenses was upheld due to ledger discrepancies. en-us Fri, 09 Aug 1991 00:00:00 +0530 Wed, 09 Feb 2011 14:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64720 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The addition for alleged under-valuation of closing stock was deleted as the AO failed to justify the assumption of suppressed value. Disallowances related to sales tax liabilities were allowed following the Supreme Court's decision. The disallowance under Section 80VV was reduced as it did not cover consultation fees. Disallowance of manufacturing expenses was overturned due to consistent expenses and lack of justification. The addition on account of closing stock of two motors was reduced to align with the cost price. Disallowance of consumable stores expenses was upheld due to ledger discrepancies. Case-Laws Income Tax Fri, 09 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64720