https://www.taxtmi.com/caselaws?id=218777 The Tribunal dismissed the assessee's appeal and partly allowed the revenue's appeal. The disallowance from Salary and Bonus was reduced to Rs.5 lakhs, disallowances from Telephone and Motor Car expenses were adjusted to 1/5th, and the addition towards Suppression of Gross Profit was partially upheld at a 9% rate. The disallowance from Discounts and Rebates claim was deleted, as was the disallowance from Labour charges claim. The disallowance of PF contribution was sustained at Rs.20,016. The Tribunal upheld the Ld CIT (A)'s decisions on all issues except the GP rate, which was modified. en-us Wed, 25 Jan 2012 00:00:00 +0530 Mon, 26 Nov 2012 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218777 The Tribunal dismissed the assessee's appeal and partly allowed the revenue's appeal. The disallowance from Salary and Bonus was reduced to Rs.5 lakhs, disallowances from Telephone and Motor Car expenses were adjusted to 1/5th, and the addition towards Suppression of Gross Profit was partially upheld at a 9% rate. The disallowance from Discounts and Rebates claim was deleted, as was the disallowance from Labour charges claim. The disallowance of PF contribution was sustained at Rs.20,016. The Tribunal upheld the Ld CIT (A)'s decisions on all issues except the GP rate, which was modified. Case-Laws Income Tax Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218777