https://www.taxtmi.com/caselaws?id=264616 The tribunal allowed the appeal of the assessee, deleting the addition to closing stock valuation made by the AO, disallowances of job work expenses and trade tax on purchases, and the levy of interest under section 2348. The tribunal found the AO's actions lacked legal justification and were without jurisdiction, directing the AO to address the carry forward of losses not claimed by the assessee in accordance with principles of natural justice. en-us Mon, 20 Jul 2015 00:00:00 +0530 Tue, 29 Sep 2015 08:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264616 The tribunal allowed the appeal of the assessee, deleting the addition to closing stock valuation made by the AO, disallowances of job work expenses and trade tax on purchases, and the levy of interest under section 2348. The tribunal found the AO's actions lacked legal justification and were without jurisdiction, directing the AO to address the carry forward of losses not claimed by the assessee in accordance with principles of natural justice. Case-Laws Income Tax Mon, 20 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264616