https://www.taxtmi.com/caselaws?id=256166 The Tribunal partly allowed both the assessee and Revenue's appeals. It restored the AO's sales estimation at Rs. 5 crores, deleted the disallowance under Section 40(a)(ia) for packing material payments, upheld the disallowance for late PF remittance, affirmed the CIT(A)'s GP rate of 29.65%, upheld the deletion of prior period sales-tax expenses disallowance, allowed depreciation on the motor vehicle, and confirmed the deletion of disallowance under Section 40A(3) for cash payments. en-us Mon, 02 Feb 2015 00:00:00 +0530 Wed, 04 Feb 2015 13:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256166 The Tribunal partly allowed both the assessee and Revenue's appeals. It restored the AO's sales estimation at Rs. 5 crores, deleted the disallowance under Section 40(a)(ia) for packing material payments, upheld the disallowance for late PF remittance, affirmed the CIT(A)'s GP rate of 29.65%, upheld the deletion of prior period sales-tax expenses disallowance, allowed depreciation on the motor vehicle, and confirmed the deletion of disallowance under Section 40A(3) for cash payments. Case-Laws Income Tax Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256166