https://www.taxtmi.com/caselaws?id=218456 The tribunal partly allowed both the assessee's and the Revenue's appeals, addressing each issue individually. The disallowance of expenses related to traveling, telephone, and mobile expenses was upheld due to lack of supporting vouchers. Disallowance under Section 40(a)(ia) was restricted to a specific amount, partially allowing the appeal. The estimation of closing stock addition was deleted, and site expenses disallowance was upheld. Disallowance of conveyance, telephone, traveling, salary, and wages expenses was partially confirmed. Overall, decisions varied based on the evidence and arguments presented, resulting in a mixed outcome for both parties. en-us Fri, 05 Oct 2012 00:00:00 +0530 Fri, 02 Nov 2012 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218456 The tribunal partly allowed both the assessee's and the Revenue's appeals, addressing each issue individually. The disallowance of expenses related to traveling, telephone, and mobile expenses was upheld due to lack of supporting vouchers. Disallowance under Section 40(a)(ia) was restricted to a specific amount, partially allowing the appeal. The estimation of closing stock addition was deleted, and site expenses disallowance was upheld. Disallowance of conveyance, telephone, traveling, salary, and wages expenses was partially confirmed. Overall, decisions varied based on the evidence and arguments presented, resulting in a mixed outcome for both parties. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218456