https://www.taxtmi.com/caselaws?id=182338 The Tribunal upheld the CIT(A)'s decisions in dismissing the Revenue's appeal on both issues. The addition of Rs. 12,57,128 on account of the difference in stock was found to be unwarranted as the correct income difference was disclosed in the profit and loss account. Additionally, the deletion of the disallowance of Rs. 2,74,779 made on interest expenses was upheld, with the Tribunal agreeing that the interest rate was reasonable and the Assessing Officer failed to provide sufficient evidence to support the disallowance. en-us Mon, 26 Aug 2013 00:00:00 +0530 Fri, 09 Dec 2016 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182338 The Tribunal upheld the CIT(A)'s decisions in dismissing the Revenue's appeal on both issues. The addition of Rs. 12,57,128 on account of the difference in stock was found to be unwarranted as the correct income difference was disclosed in the profit and loss account. Additionally, the deletion of the disallowance of Rs. 2,74,779 made on interest expenses was upheld, with the Tribunal agreeing that the interest rate was reasonable and the Assessing Officer failed to provide sufficient evidence to support the disallowance. Case-Laws Income Tax Mon, 26 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182338