https://www.taxtmi.com/caselaws?id=121919 The Tribunal upheld the CIT (Appeals)'s decisions on all three issues, dismissing the revenue's appeal. The deletion of additions related to profit on contract job work and work-in-progress, closing stock value of a bus purchased from KSRTC, and stock transferred from head office to Trivandrum branch were justified based on consistent accounting practices and proper reconciliation of stock transfers. The correct inclusion of dismantled bus parts in the closing stock also supported the decisions. en-us Wed, 18 Jun 2008 00:00:00 +0530 Tue, 07 Aug 2012 11:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121919 The Tribunal upheld the CIT (Appeals)'s decisions on all three issues, dismissing the revenue's appeal. The deletion of additions related to profit on contract job work and work-in-progress, closing stock value of a bus purchased from KSRTC, and stock transferred from head office to Trivandrum branch were justified based on consistent accounting practices and proper reconciliation of stock transfers. The correct inclusion of dismantled bus parts in the closing stock also supported the decisions. Case-Laws Income Tax Wed, 18 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121919