https://www.taxtmi.com/caselaws?id=333697 The Tribunal upheld the disallowance of commission payment to a sister concern, carriage inward expenses, port expenses, legal and professional charges, and interest on borrowed funds. The Tribunal directed the AO to consider only specific borrowed funds for disallowance. The Tribunal upheld the acceptance of additional evidence and ruled in favor of the assessee regarding the under-valuation of closing stock. The assessee's appeal was partly allowed for statistical purposes, while the Revenue's appeal was dismissed. en-us Fri, 26 Aug 2016 00:00:00 +0530 Fri, 21 Oct 2016 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333697 The Tribunal upheld the disallowance of commission payment to a sister concern, carriage inward expenses, port expenses, legal and professional charges, and interest on borrowed funds. The Tribunal directed the AO to consider only specific borrowed funds for disallowance. The Tribunal upheld the acceptance of additional evidence and ruled in favor of the assessee regarding the under-valuation of closing stock. The assessee's appeal was partly allowed for statistical purposes, while the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333697