https://www.taxtmi.com/caselaws?id=425578 The Tribunal upheld the CIT(A)'s decisions on various grounds, except for the late payment of employees' contribution to ESI, where the AO's disallowance was upheld. The appeal of the Revenue was partly allowed, with discrepancies in closing and opening stock, disallowances under Sections 14A, 40(a)(ia) for interest on late payment, and freight expenses being dismissed. The disallowance of traveling expenses and personal nature expenses related to cars was also rejected. en-us Fri, 06 May 2022 00:00:00 +0530 Tue, 26 Jul 2022 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425578 The Tribunal upheld the CIT(A)'s decisions on various grounds, except for the late payment of employees' contribution to ESI, where the AO's disallowance was upheld. The appeal of the Revenue was partly allowed, with discrepancies in closing and opening stock, disallowances under Sections 14A, 40(a)(ia) for interest on late payment, and freight expenses being dismissed. The disallowance of traveling expenses and personal nature expenses related to cars was also rejected. Case-Laws Income Tax Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425578