https://www.taxtmi.com/caselaws?id=387179 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the valuation of closing stock and the disallowance of salary payment under section 40A(2)(b) of the Act. The Tribunal directed the Assessing Officer to recalculate the closing stock at a specified rate, and the disallowance of salary payment was deleted based on the recipients' qualifications and services rendered. en-us Thu, 19 Sep 2019 00:00:00 +0530 Mon, 14 Oct 2019 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387179 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the valuation of closing stock and the disallowance of salary payment under section 40A(2)(b) of the Act. The Tribunal directed the Assessing Officer to recalculate the closing stock at a specified rate, and the disallowance of salary payment was deleted based on the recipients' qualifications and services rendered. Case-Laws Income Tax Thu, 19 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387179