https://www.taxtmi.com/caselaws?id=379212 Renovation expenditure incurred only for specific sold flats could not be included in the closing stock valuation of the remaining unsold flats where the evidence showed the work related to the sold units and no material linked it to the unsold portion; the addition was deleted. Disallowances under section 40(a)(ia) for alleged non-deduction of tax at source on purchases and business promotion payments required fresh factual verification because the supporting bills and documents were incomplete before the Assessing Officer; that issue was remitted for examination. en-us Wed, 24 Apr 2019 00:00:00 +0530 Tue, 30 Apr 2019 08:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379212 Renovation expenditure incurred only for specific sold flats could not be included in the closing stock valuation of the remaining unsold flats where the evidence showed the work related to the sold units and no material linked it to the unsold portion; the addition was deleted. Disallowances under section 40(a)(ia) for alleged non-deduction of tax at source on purchases and business promotion payments required fresh factual verification because the supporting bills and documents were incomplete before the Assessing Officer; that issue was remitted for examination. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379212