https://www.taxtmi.com/caselaws?id=340753 The Tribunal upheld the addition for the valuation of depleted stock, stating the appellant failed to prove stock age or provide write-off evidence. The claim for deduction under Section 24 was disallowed as the income did not fall under the applicable category. The Tribunal found no perversity in its findings and dismissed the appeal on this ground. The appellant's concerns about misdirection by the ITAT were dismissed as no illegality or perversity was found in the Tribunal's decision-making process. en-us Wed, 15 Mar 2017 00:00:00 +0530 Mon, 27 Mar 2017 07:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340753 The Tribunal upheld the addition for the valuation of depleted stock, stating the appellant failed to prove stock age or provide write-off evidence. The claim for deduction under Section 24 was disallowed as the income did not fall under the applicable category. The Tribunal found no perversity in its findings and dismissed the appeal on this ground. The appellant's concerns about misdirection by the ITAT were dismissed as no illegality or perversity was found in the Tribunal's decision-making process. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340753