https://www.taxtmi.com/caselaws?id=35205 The appeal under Section 260-A of the Income Tax Act, 1961, related to the assessment year 1989-1990, was dismissed by the High Court of Allahabad. The court upheld the Tribunal's decision in favor of the assessee, ruling that non-disclosure of work in progress in closing stock was acceptable. The Tribunal's deletion of certain additions to the assessee's income was justified based on consistent accounting practices and previous acceptance by the department. Additionally, the Tribunal's deletion of interest paid by the assessee to various parties was upheld, with no legal flaws found in its previous decisions. en-us Tue, 15 Dec 2009 00:00:00 +0530 Wed, 07 Sep 2011 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35205 The appeal under Section 260-A of the Income Tax Act, 1961, related to the assessment year 1989-1990, was dismissed by the High Court of Allahabad. The court upheld the Tribunal's decision in favor of the assessee, ruling that non-disclosure of work in progress in closing stock was acceptable. The Tribunal's deletion of certain additions to the assessee's income was justified based on consistent accounting practices and previous acceptance by the department. Additionally, the Tribunal's deletion of interest paid by the assessee to various parties was upheld, with no legal flaws found in its previous decisions. Case-Laws Income Tax Tue, 15 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35205