https://www.taxtmi.com/caselaws?id=329330 The Court ruled in favor of the assessee in a tax case involving unexplained transportation costs of coal, addition made for salt washing loss, and disallowance of expenditure for presentation articles/gifts. The Tribunal's decisions to delete the addition for transportation costs and allow the salt washing loss claim were upheld, emphasizing the lack of conclusive evidence and industry practices. The Court agreed that the presentation articles/gifts expenditure was permissible as it did not fall under Rule 6B. The Tax Appeals filed by the revenue were dismissed, affirming the decisions in favor of the assessee. en-us Fri, 17 Jun 2016 00:00:00 +0530 Wed, 29 Jun 2016 20:41:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329330 The Court ruled in favor of the assessee in a tax case involving unexplained transportation costs of coal, addition made for salt washing loss, and disallowance of expenditure for presentation articles/gifts. The Tribunal's decisions to delete the addition for transportation costs and allow the salt washing loss claim were upheld, emphasizing the lack of conclusive evidence and industry practices. The Court agreed that the presentation articles/gifts expenditure was permissible as it did not fall under Rule 6B. The Tax Appeals filed by the revenue were dismissed, affirming the decisions in favor of the assessee. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329330