https://www.taxtmi.com/caselaws?id=325879 The Tribunal ruled in favor of the assessee on the application of Section 50C to stock in trade, directed further verification on share application money, allowed the appeal on excessive interest due to business exigency, and partially allowed the appeal on disallowance of travelling expenses due to compliance with Fringe Benefit Tax. en-us Fri, 19 Feb 2016 00:00:00 +0530 Thu, 31 Mar 2016 10:41:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325879 The Tribunal ruled in favor of the assessee on the application of Section 50C to stock in trade, directed further verification on share application money, allowed the appeal on excessive interest due to business exigency, and partially allowed the appeal on disallowance of travelling expenses due to compliance with Fringe Benefit Tax. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325879