https://www.taxtmi.com/caselaws?id=402384 The Tribunal remitted the issue of addition to closing stock back to the Assessing Officer for verification, emphasizing the need to scrutinize the appellant's accounting method for tax neutrality. The addition on account of short receipts as per Form 26AS was upheld due to lack of satisfactory explanation. The disallowance of reimbursement of traveling expenses and training expenses was remitted and upheld, respectively, for further verification and lack of justification. The appeal was partially allowed based on detailed analysis and findings for each issue. en-us Fri, 21 Aug 2020 00:00:00 +0530 Thu, 31 Dec 2020 13:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402384 The Tribunal remitted the issue of addition to closing stock back to the Assessing Officer for verification, emphasizing the need to scrutinize the appellant's accounting method for tax neutrality. The addition on account of short receipts as per Form 26AS was upheld due to lack of satisfactory explanation. The disallowance of reimbursement of traveling expenses and training expenses was remitted and upheld, respectively, for further verification and lack of justification. The appeal was partially allowed based on detailed analysis and findings for each issue. Case-Laws Income Tax Fri, 21 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402384