https://www.taxtmi.com/caselaws?id=281928 The Tribunal allowed the assessee's appeal regarding the gift received from the mother, finding it genuine despite doubts raised by the Assessing Officer. The disallowance of freight charges paid to contractors was partly upheld, with the disallowance amount reduced to Rs. 44,30,887. The addition on account of closing stock was remitted back to the Assessing Officer due to a procedural violation. The addition of investment in Multi Commodity Exchange was also remitted for further examination. en-us Thu, 27 Jul 2017 00:00:00 +0530 Sat, 13 Jul 2019 07:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281928 The Tribunal allowed the assessee's appeal regarding the gift received from the mother, finding it genuine despite doubts raised by the Assessing Officer. The disallowance of freight charges paid to contractors was partly upheld, with the disallowance amount reduced to Rs. 44,30,887. The addition on account of closing stock was remitted back to the Assessing Officer due to a procedural violation. The addition of investment in Multi Commodity Exchange was also remitted for further examination. Case-Laws Income Tax Thu, 27 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281928