https://www.taxtmi.com/caselaws?id=390366 The Tribunal ruled in favor of the assessee on various issues, including the rejection of books of accounts based on alleged unaccounted sales, discrepancies with suppliers, disallowance of preoperative expenses, and inclusion of excise duty in closing stock. The Tribunal reduced additions made by the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) (CIT(A)), citing insufficient evidence. However, the Tribunal upheld disallowances of foreign travel and welfare expenses. Overall, the assessee's appeals were partly allowed, while the revenue's appeals were partly allowed and dismissed on different grounds. en-us Thu, 24 Oct 2019 00:00:00 +0530 Tue, 31 Dec 2019 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390366 The Tribunal ruled in favor of the assessee on various issues, including the rejection of books of accounts based on alleged unaccounted sales, discrepancies with suppliers, disallowance of preoperative expenses, and inclusion of excise duty in closing stock. The Tribunal reduced additions made by the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) (CIT(A)), citing insufficient evidence. However, the Tribunal upheld disallowances of foreign travel and welfare expenses. Overall, the assessee's appeals were partly allowed, while the revenue's appeals were partly allowed and dismissed on different grounds. Case-Laws Income Tax Thu, 24 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390366