https://www.taxtmi.com/caselaws?id=278102 In a block assessment, an addition for alleged unexplained cattle-feed stock was deleted where the physical stock matched the computerized stock register and the discrepancy arose only from an incomplete manual register. A disallowance under section 40A(3) was also deleted because the related purchases were unrecorded transactions already brought to tax on an estimated undisclosed-income basis, making that provision inapplicable on the facts noted. Interest under section 158BFA(1) was upheld on the footing that it is compensatory and is reduced only by taxes paid within the permissible pre-return period, so payments made after the due date did not lower the computation. en-us Thu, 16 Dec 2010 00:00:00 +0530 Wed, 09 Jan 2019 10:25:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278102 In a block assessment, an addition for alleged unexplained cattle-feed stock was deleted where the physical stock matched the computerized stock register and the discrepancy arose only from an incomplete manual register. A disallowance under section 40A(3) was also deleted because the related purchases were unrecorded transactions already brought to tax on an estimated undisclosed-income basis, making that provision inapplicable on the facts noted. Interest under section 158BFA(1) was upheld on the footing that it is compensatory and is reduced only by taxes paid within the permissible pre-return period, so payments made after the due date did not lower the computation. Case-Laws Income Tax Thu, 16 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278102