https://www.taxtmi.com/caselaws?id=368965 The Tribunal partly allowed the revenue's appeal regarding the disallowance under section 14A of the Income Tax Act, directing the Assessing Officer to credit the disallowance already offered by the assessee. However, the Tribunal dismissed the appeal concerning the addition on account of the change in the valuation of closing stock, upholding the assessee's valuation method as consistent with Accounting Standard-2. en-us Fri, 12 Oct 2018 00:00:00 +0530 Wed, 17 Oct 2018 07:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368965 The Tribunal partly allowed the revenue's appeal regarding the disallowance under section 14A of the Income Tax Act, directing the Assessing Officer to credit the disallowance already offered by the assessee. However, the Tribunal dismissed the appeal concerning the addition on account of the change in the valuation of closing stock, upholding the assessee's valuation method as consistent with Accounting Standard-2. Case-Laws Income Tax Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368965