https://www.taxtmi.com/caselaws?id=261519 The appeal challenged a judgment regarding the assessment year 2007-08, where disallowances were made on various expenses. The Court upheld the decisions of the CIT(A) and Tribunal on disallowances, finding no perversity in their reasoning based on evidence. The appeal was dismissed, affirming the partial allowance of expenses like earth filling cost, labor charges, and deletion of additions for bogus purchases. The Court also upheld the valuation of stock addition, emphasizing the lack of grounds to set aside the impugned order. en-us Tue, 02 Jun 2015 00:00:00 +0530 Wed, 15 Jul 2015 06:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261519 The appeal challenged a judgment regarding the assessment year 2007-08, where disallowances were made on various expenses. The Court upheld the decisions of the CIT(A) and Tribunal on disallowances, finding no perversity in their reasoning based on evidence. The appeal was dismissed, affirming the partial allowance of expenses like earth filling cost, labor charges, and deletion of additions for bogus purchases. The Court also upheld the valuation of stock addition, emphasizing the lack of grounds to set aside the impugned order. Case-Laws Income Tax Tue, 02 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261519