https://www.taxtmi.com/caselaws?id=263392 The ITAT Delhi partially allowed the appeal, reinstating additions related to unexplained investment in stock and suppressed gross profit. The deletion of disallowance of foreign traveling expenses was upheld. The ITAT emphasized the accuracy of stock valuation during the survey and the lack of authentication in the assessee's records for gross profit. Foreign travel expenses were deemed legitimate as they were incurred on employees. en-us Thu, 26 Feb 2015 00:00:00 +0530 Wed, 02 Sep 2015 07:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263392 The ITAT Delhi partially allowed the appeal, reinstating additions related to unexplained investment in stock and suppressed gross profit. The deletion of disallowance of foreign traveling expenses was upheld. The ITAT emphasized the accuracy of stock valuation during the survey and the lack of authentication in the assessee's records for gross profit. Foreign travel expenses were deemed legitimate as they were incurred on employees. Case-Laws Income Tax Thu, 26 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263392