https://www.taxtmi.com/caselaws?id=428467 The Tribunal partly allowed both appeals by the assessee. It condoned the delay in filing the appeal, deleted the disallowance of interest under Section 36(1)(iii), and directed the exclusion of wrongly included income upon verification. Additionally, it reversed the addition related to the valuation of closing stock, ensuring the correct taxable income is reflected. The grounds related to disallowance under Section 41(1) of the Income Tax Act and commission expenditure were dismissed as not pressed by the appellant. en-us Wed, 28 Sep 2022 00:00:00 +0530 Sat, 01 Oct 2022 09:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428467 The Tribunal partly allowed both appeals by the assessee. It condoned the delay in filing the appeal, deleted the disallowance of interest under Section 36(1)(iii), and directed the exclusion of wrongly included income upon verification. Additionally, it reversed the addition related to the valuation of closing stock, ensuring the correct taxable income is reflected. The grounds related to disallowance under Section 41(1) of the Income Tax Act and commission expenditure were dismissed as not pressed by the appellant. Case-Laws Income Tax Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428467