https://www.taxtmi.com/caselaws?id=294382 The Tribunal ruled in favor of the assessee in the case, allowing their appeals for the assessment years 2007-08, 2008-09, and 2009-10. The Tribunal directed the deletion of additions made by the Assessing Officer related to the valuation of closing stock, disallowance of contribution towards LIC gratuity fund, disallowance of depreciation on additions to fixed assets, addition on account of purchases included in closing stock but not accounted, disallowance of lease commitment charges and donations, and addition on account of stock discrepancy. The Tribunal also dismissed the Revenue's appeal regarding the disallowance towards renovation of the building for the assessment year 2009-10. en-us Fri, 05 Aug 2016 00:00:00 +0530 Fri, 09 Apr 2021 21:11:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294382 The Tribunal ruled in favor of the assessee in the case, allowing their appeals for the assessment years 2007-08, 2008-09, and 2009-10. The Tribunal directed the deletion of additions made by the Assessing Officer related to the valuation of closing stock, disallowance of contribution towards LIC gratuity fund, disallowance of depreciation on additions to fixed assets, addition on account of purchases included in closing stock but not accounted, disallowance of lease commitment charges and donations, and addition on account of stock discrepancy. The Tribunal also dismissed the Revenue's appeal regarding the disallowance towards renovation of the building for the assessment year 2009-10. Case-Laws Income Tax Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294382