https://www.taxtmi.com/caselaws?id=282677 The appeal under section 260-A of the Income Tax Act, 1961 against the ITAT order for the assessment year 2006-2007 was dismissed. The issues revolved around the deletion of additions on account of the valuation of closing stock and disallowance under Section 36(1)(va) of the Act. The Tribunal upheld the CIT (Appeals) decision to delete the additions based on the maintained records and evidence of the assessee. Additionally, the disallowance under Section 36(1)(va) was also upheld by the Tribunal following the decision of the Delhi High Court, leading to the dismissal of the appeal. en-us Mon, 18 Jul 2011 00:00:00 +0530 Mon, 19 Aug 2019 16:28:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282677 The appeal under section 260-A of the Income Tax Act, 1961 against the ITAT order for the assessment year 2006-2007 was dismissed. The issues revolved around the deletion of additions on account of the valuation of closing stock and disallowance under Section 36(1)(va) of the Act. The Tribunal upheld the CIT (Appeals) decision to delete the additions based on the maintained records and evidence of the assessee. Additionally, the disallowance under Section 36(1)(va) was also upheld by the Tribunal following the decision of the Delhi High Court, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 18 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282677