https://www.taxtmi.com/caselaws?id=264079 The Assessee's appeal was partly allowed by the Tribunal. The Tribunal directed the deletion of the addition on account of undervaluation of closing stock and disallowed weaving majuri expenses were reduced from 20% to 10%. The Tribunal remitted the issue of disallowance of interest expenses back to the AO for re-examination based on the availability of interest-free funds. The Tribunal emphasized the importance of accurate comparisons, proper documentation, and justified disallowances in assessment proceedings. en-us Fri, 28 Aug 2015 00:00:00 +0530 Wed, 16 Sep 2015 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264079 The Assessee's appeal was partly allowed by the Tribunal. The Tribunal directed the deletion of the addition on account of undervaluation of closing stock and disallowed weaving majuri expenses were reduced from 20% to 10%. The Tribunal remitted the issue of disallowance of interest expenses back to the AO for re-examination based on the availability of interest-free funds. The Tribunal emphasized the importance of accurate comparisons, proper documentation, and justified disallowances in assessment proceedings. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264079