https://www.taxtmi.com/caselaws?id=174364 The Tribunal upheld the deletion of the addition on account of advance against order, citing the assessee's genuine belief and appropriate actions taken. The disallowance under section 40(a)(ia) for refundable security deposit was overturned based on Circular No. 718. However, additions for undisclosed purchases and disallowances for various expenses were upheld. The Tribunal dismissed the revenue's appeal and partially allowed the assessee's appeal. Decision was pronounced on 18.05.2012. en-us Fri, 18 May 2012 00:00:00 +0530 Wed, 07 Oct 2015 11:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174364 The Tribunal upheld the deletion of the addition on account of advance against order, citing the assessee's genuine belief and appropriate actions taken. The disallowance under section 40(a)(ia) for refundable security deposit was overturned based on Circular No. 718. However, additions for undisclosed purchases and disallowances for various expenses were upheld. The Tribunal dismissed the revenue's appeal and partially allowed the assessee's appeal. Decision was pronounced on 18.05.2012. Case-Laws Income Tax Fri, 18 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174364