https://www.taxtmi.com/caselaws?id=248663 The Tribunal upheld the CIT(A)'s decisions on the issues of closing stock and disallowance under Section 40(a)(ia), finding no discrepancies in the assessee's method of accounting and quantitative tally of goods. However, on the issue of unexplained expenditure under Section 69C, the Tribunal partly allowed the ground, directing the AO to consider the contributions of other family members in the household expenses. The department's appeal was thus partly allowed. en-us Fri, 30 May 2014 00:00:00 +0530 Thu, 19 Jun 2014 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248663 The Tribunal upheld the CIT(A)'s decisions on the issues of closing stock and disallowance under Section 40(a)(ia), finding no discrepancies in the assessee's method of accounting and quantitative tally of goods. However, on the issue of unexplained expenditure under Section 69C, the Tribunal partly allowed the ground, directing the AO to consider the contributions of other family members in the household expenses. The department's appeal was thus partly allowed. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248663