https://www.taxtmi.com/caselaws?id=270569 The tribunal upheld the CIT(A)'s decisions, dismissing the revenue's appeal on both issues. The valuation of stock of scrap was accepted based on the lower of cost or net realizable value, in line with commercial practice. Additionally, the addition towards commission payments was deemed genuine, with the tribunal affirming the deletion of the disallowed expenditure. en-us Wed, 18 Nov 2015 00:00:00 +0530 Sun, 10 Jan 2016 21:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270569 The tribunal upheld the CIT(A)'s decisions, dismissing the revenue's appeal on both issues. The valuation of stock of scrap was accepted based on the lower of cost or net realizable value, in line with commercial practice. Additionally, the addition towards commission payments was deemed genuine, with the tribunal affirming the deletion of the disallowed expenditure. Case-Laws Income Tax Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270569