https://www.taxtmi.com/caselaws?id=211713 The tribunal ruled in favor of the assessee on all issues, rejecting the Revenue's contentions as baseless and factually incorrect. The additions made by the Assessing Officer were deleted, including the valuation of closing stock, disallowance of travel expenses, addition of profit margin on sale of raw material to sister concerns, rejection of books of accounts, and disallowance of payments to contractors. The tribunal found the assessee's methods systematic and reasonable, based on consistent practices in previous years. The appeals were dismissed with no substantial question of law identified. en-us Tue, 06 Mar 2012 00:00:00 +0530 Fri, 28 Jun 2013 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211713 The tribunal ruled in favor of the assessee on all issues, rejecting the Revenue's contentions as baseless and factually incorrect. The additions made by the Assessing Officer were deleted, including the valuation of closing stock, disallowance of travel expenses, addition of profit margin on sale of raw material to sister concerns, rejection of books of accounts, and disallowance of payments to contractors. The tribunal found the assessee's methods systematic and reasonable, based on consistent practices in previous years. The appeals were dismissed with no substantial question of law identified. Case-Laws Income Tax Tue, 06 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211713