https://www.taxtmi.com/caselaws?id=67901 The Appellate Tribunal upheld trading additions for the years 1980-81 and 1981-82 due to inadequate stock accounting despite slight increases in gross profit percentage. The Tribunal also ruled in favor of granting registration status to the firm for the year 1983-84, recognizing the validity of the partnership deed despite one partner acting in dual capacities. The decisions emphasized the importance of proper stock accounting and adherence to legal principles in partnerships, resulting in the dismissal of all appeals and a comprehensive analysis of the issues involved in each assessment year. en-us Fri, 24 May 1985 00:00:00 +0530 Tue, 15 Mar 2011 12:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67901 The Appellate Tribunal upheld trading additions for the years 1980-81 and 1981-82 due to inadequate stock accounting despite slight increases in gross profit percentage. The Tribunal also ruled in favor of granting registration status to the firm for the year 1983-84, recognizing the validity of the partnership deed despite one partner acting in dual capacities. The decisions emphasized the importance of proper stock accounting and adherence to legal principles in partnerships, resulting in the dismissal of all appeals and a comprehensive analysis of the issues involved in each assessment year. Case-Laws Income Tax Fri, 24 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67901