https://www.taxtmi.com/caselaws?id=215480 The High Court upheld the Tribunal's decision to delete additions related to stock discrepancies and allow business expenses. However, the Court reversed the Tribunal's decision on the levy of surcharge, ruling in favor of the revenue based on the retrospective application of the proviso to Section 113. The appeal was allowed in part, with no order as to costs. en-us Fri, 03 Aug 2012 00:00:00 +0530 Mon, 06 Aug 2012 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215480 The High Court upheld the Tribunal's decision to delete additions related to stock discrepancies and allow business expenses. However, the Court reversed the Tribunal's decision on the levy of surcharge, ruling in favor of the revenue based on the retrospective application of the proviso to Section 113. The appeal was allowed in part, with no order as to costs. Case-Laws Income Tax Fri, 03 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215480