https://www.taxtmi.com/caselaws?id=398287 The Tribunal remitted the issue of disallowance under section 36(1)(iii) of the Income Tax Act back to the Assessing Officer for a fresh decision. The under-valuation of closing stock in the real estate business was found to lack a valid basis for comparison and was deleted. The addition for interest accrued on FDRs was dismissed as it was not pressed during the hearing. The appeal was partly allowed and partly allowed for statistical purposes. en-us Mon, 07 Sep 2020 00:00:00 +0530 Fri, 11 Sep 2020 15:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398287 The Tribunal remitted the issue of disallowance under section 36(1)(iii) of the Income Tax Act back to the Assessing Officer for a fresh decision. The under-valuation of closing stock in the real estate business was found to lack a valid basis for comparison and was deleted. The addition for interest accrued on FDRs was dismissed as it was not pressed during the hearing. The appeal was partly allowed and partly allowed for statistical purposes. Case-Laws Income Tax Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398287