https://www.taxtmi.com/caselaws?id=205851 The court affirmed the deletion of the addition on account of ESI and PF payment, citing that contributions are allowable if paid before the return filing due date. Regarding the trading addition, discrepancies in production and stock registers were noted by the AO. The CIT(A) found the AO's observations factually incorrect and deleted the disallowance, stating the AO was unjustified in rejecting the audited books. The Tribunal upheld the valuation in the closing stock partially and directed the increase to be considered as opening stock of the subsequent year, partially allowing the Revenue's appeal. en-us Fri, 19 Nov 2010 00:00:00 +0530 Mon, 26 Sep 2011 21:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205851 The court affirmed the deletion of the addition on account of ESI and PF payment, citing that contributions are allowable if paid before the return filing due date. Regarding the trading addition, discrepancies in production and stock registers were noted by the AO. The CIT(A) found the AO's observations factually incorrect and deleted the disallowance, stating the AO was unjustified in rejecting the audited books. The Tribunal upheld the valuation in the closing stock partially and directed the increase to be considered as opening stock of the subsequent year, partially allowing the Revenue's appeal. Case-Laws Income Tax Fri, 19 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205851