https://www.taxtmi.com/caselaws?id=67724 The Income Tax Appellate Tribunal (ITAT) partially allowed the appellant's appeal in a case involving additions and disallowances in the assessment for the year 1975-76. The ITAT reduced the trading account addition from Rs. 22,000 to Rs. 5,000, considering identified defects and the appellant's maintained books. Additionally, the ITAT decreased the disallowance of conveyance expenses from Rs. 7,420 to 1/6th of the claimed amount, recognizing the predominant business use of the vehicles. The ITAT directed a reassessment by the Appellate Authority Commissioner (AAC) regarding the sales-tax liability issue based on presented facts and legal considerations. en-us Wed, 09 Apr 1980 00:00:00 +0530 Mon, 14 Mar 2011 12:28:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67724 The Income Tax Appellate Tribunal (ITAT) partially allowed the appellant's appeal in a case involving additions and disallowances in the assessment for the year 1975-76. The ITAT reduced the trading account addition from Rs. 22,000 to Rs. 5,000, considering identified defects and the appellant's maintained books. Additionally, the ITAT decreased the disallowance of conveyance expenses from Rs. 7,420 to 1/6th of the claimed amount, recognizing the predominant business use of the vehicles. The ITAT directed a reassessment by the Appellate Authority Commissioner (AAC) regarding the sales-tax liability issue based on presented facts and legal considerations. Case-Laws Income Tax Wed, 09 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67724