https://www.taxtmi.com/caselaws?id=185337 The Tribunal remitted the issue of valuation and addition of closing stock of Bagasse back to the AO for fresh examination due to the lack of cost finding. The Tribunal dismissed the disallowance of vehicle running expenses as not pressed. The addition on account of the sale of scrap was deleted as the AO lacked concrete evidence of sales outside the books. The Tribunal remitted the estimation of Bagasse production back to the AO, citing discrepancies in stock records. The income from the nursery farm was classified as agricultural income, and expenses relating to earlier years were disallowed due to lack of evidence. Both assessee's appeals were partly allowed for statistical purposes, and the revenue's appeal was dismissed. en-us Fri, 08 Jan 2010 00:00:00 +0530 Wed, 10 Aug 2016 11:20:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185337 The Tribunal remitted the issue of valuation and addition of closing stock of Bagasse back to the AO for fresh examination due to the lack of cost finding. The Tribunal dismissed the disallowance of vehicle running expenses as not pressed. The addition on account of the sale of scrap was deleted as the AO lacked concrete evidence of sales outside the books. The Tribunal remitted the estimation of Bagasse production back to the AO, citing discrepancies in stock records. The income from the nursery farm was classified as agricultural income, and expenses relating to earlier years were disallowed due to lack of evidence. Both assessee's appeals were partly allowed for statistical purposes, and the revenue's appeal was dismissed. Case-Laws Income Tax Fri, 08 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185337