https://www.taxtmi.com/caselaws?id=181052 The appeal was partly allowed by the Tribunal. The addition of excess stock was deemed unjustified due to inaccurate valuation and lack of evidence of the stock being entered for sale. The Tribunal rejected separate additions to trading results in different branches and accepted a Gross Profit Ratio of 9.5%. The appellant's argument for full allowance of expenditure was upheld by the Tribunal, considering the expenses reasonable relative to turnover. en-us Thu, 30 Sep 2010 00:00:00 +0530 Wed, 06 Apr 2016 14:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181052 The appeal was partly allowed by the Tribunal. The addition of excess stock was deemed unjustified due to inaccurate valuation and lack of evidence of the stock being entered for sale. The Tribunal rejected separate additions to trading results in different branches and accepted a Gross Profit Ratio of 9.5%. The appellant's argument for full allowance of expenditure was upheld by the Tribunal, considering the expenses reasonable relative to turnover. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181052