https://www.taxtmi.com/caselaws?id=270453 The Tribunal upheld the CIT(A)'s decision, confirming the assessee's entitlement to deduction under Section 10BA, dismissing the Revenue's appeal. Regarding disallowance under Section 40(a)(ia), the Tribunal ruled in favor of the assessee, allowing the deduction as TDS was deposited before the return due date. The rejection of books of accounts and application of a higher G.P. rate were dismissed as the assessee did not press the ground. The Tribunal allowed the assessee's appeal on the addition under Section 40A(3) and treated excess stock as revenue-neutral, following legal precedents. The Tribunal partly allowed both parties' appeals for statistical purposes. en-us Fri, 16 Oct 2015 00:00:00 +0530 Wed, 06 Jan 2016 23:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270453 The Tribunal upheld the CIT(A)'s decision, confirming the assessee's entitlement to deduction under Section 10BA, dismissing the Revenue's appeal. Regarding disallowance under Section 40(a)(ia), the Tribunal ruled in favor of the assessee, allowing the deduction as TDS was deposited before the return due date. The rejection of books of accounts and application of a higher G.P. rate were dismissed as the assessee did not press the ground. The Tribunal allowed the assessee's appeal on the addition under Section 40A(3) and treated excess stock as revenue-neutral, following legal precedents. The Tribunal partly allowed both parties' appeals for statistical purposes. Case-Laws Income Tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270453