https://www.taxtmi.com/caselaws?id=275474 The tribunal allowed the assessee's appeal and dismissed the revenue's appeal. The disallowance on account of provision for impairment of stock was deleted entirely as the tribunal found the assessee's valuation method consistent and detailed. The addition on sales of VSAT equipment was deleted as the Sales Tax Officer's allegations were refuted by the Joint Commissioner of Sales Tax. The chargeability of interest under section 234B was deemed consequential, with the AO instructed to recalculate any interest due based on the final income determination post-appeal. en-us Mon, 26 Dec 2011 00:00:00 +0530 Thu, 04 Oct 2018 16:41:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275474 The tribunal allowed the assessee's appeal and dismissed the revenue's appeal. The disallowance on account of provision for impairment of stock was deleted entirely as the tribunal found the assessee's valuation method consistent and detailed. The addition on sales of VSAT equipment was deleted as the Sales Tax Officer's allegations were refuted by the Joint Commissioner of Sales Tax. The chargeability of interest under section 234B was deemed consequential, with the AO instructed to recalculate any interest due based on the final income determination post-appeal. Case-Laws Income Tax Mon, 26 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275474