https://www.taxtmi.com/caselaws?id=328115 The Tribunal upheld the CIT (Appeals) decisions on all three issues, dismissing the Revenue's appeal entirely. The rejection of books of account based solely on the absence of a stock register was deemed unwarranted, and the subsequent additions were disallowed. Additionally, the deletion of an addition under section 40(a)(ia) regarding non-deduction of TDS on purchases was upheld, as the printing of names on packing material did not constitute a contract. Lastly, the deletion of an addition under section 36(1)(iii) concerning interest on loans and advances was supported, as the transactions were found to be commercially expedient. en-us Tue, 16 Feb 2016 00:00:00 +0530 Thu, 26 May 2016 08:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328115 The Tribunal upheld the CIT (Appeals) decisions on all three issues, dismissing the Revenue's appeal entirely. The rejection of books of account based solely on the absence of a stock register was deemed unwarranted, and the subsequent additions were disallowed. Additionally, the deletion of an addition under section 40(a)(ia) regarding non-deduction of TDS on purchases was upheld, as the printing of names on packing material did not constitute a contract. Lastly, the deletion of an addition under section 36(1)(iii) concerning interest on loans and advances was supported, as the transactions were found to be commercially expedient. Case-Laws Income Tax Tue, 16 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328115