https://www.taxtmi.com/caselaws?id=215255 The Tribunal allowed the appeal partly, granting relief on various issues such as the addition under S.68, credits in Ms. Priyanka Gadodia's account, and the valuation of closing stock. However, deductions claimed under S. 80-IB were rejected, along with the plea for telescoping unexplained expenditure with cash credits. The Tribunal also ruled that interest under S.234B was not applicable due to tax deducted at source covering the current income tax liability. en-us Fri, 17 Feb 2012 00:00:00 +0530 Fri, 27 Jul 2012 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215255 The Tribunal allowed the appeal partly, granting relief on various issues such as the addition under S.68, credits in Ms. Priyanka Gadodia's account, and the valuation of closing stock. However, deductions claimed under S. 80-IB were rejected, along with the plea for telescoping unexplained expenditure with cash credits. The Tribunal also ruled that interest under S.234B was not applicable due to tax deducted at source covering the current income tax liability. Case-Laws Income Tax Fri, 17 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215255