https://www.taxtmi.com/caselaws?id=309335 The Assessee's appeal was partly allowed as the Tribunal upheld the reduction of closing stock due to overvaluation but directed adjustment in the succeeding year. Deductions under Section 80HHC(1A) were granted for sales to export trading houses, supported by certificates. The addition under Section 41(1) regarding cessation of liability was deleted, emphasizing the Revenue's burden to prove cessation. The Revenue's appeal was dismissed. en-us Fri, 18 Jul 2014 00:00:00 +0530 Sat, 26 Aug 2023 08:19:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309335 The Assessee's appeal was partly allowed as the Tribunal upheld the reduction of closing stock due to overvaluation but directed adjustment in the succeeding year. Deductions under Section 80HHC(1A) were granted for sales to export trading houses, supported by certificates. The addition under Section 41(1) regarding cessation of liability was deleted, emphasizing the Revenue's burden to prove cessation. The Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309335