https://www.taxtmi.com/caselaws?id=339151 The Tribunal allowed the appeal of the assessee, directing the AO to allow capitalization on both counts. The Tribunal concluded that the evidence provided by the assessee, including invoices, stock details, and the valuation report, substantiated the claims. The Tribunal reiterated that mere suspicion is insufficient without conclusive evidence. The appeal of the assessee was allowed, and the order was pronounced in the open court on 17-02-2017. en-us Fri, 17 Feb 2017 00:00:00 +0530 Mon, 20 Feb 2017 00:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339151 The Tribunal allowed the appeal of the assessee, directing the AO to allow capitalization on both counts. The Tribunal concluded that the evidence provided by the assessee, including invoices, stock details, and the valuation report, substantiated the claims. The Tribunal reiterated that mere suspicion is insufficient without conclusive evidence. The appeal of the assessee was allowed, and the order was pronounced in the open court on 17-02-2017. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339151