https://www.taxtmi.com/caselaws?id=313279 The Tribunal dismissed the appeal concerning issues 1 to 4, affirming the CIT(A)'s decisions due to the absence of substantial questions of law. Specifically, Rs.33,20,000/- was classified as a long-term capital gain; interest disallowance of Rs.8,19,000/- was deleted; Rs.2,93,439/- for unexplained expenditure was removed; and the Rs.6,02,31,163/- addition due to stock discrepancies was deleted. However, the appeal was admitted for issue 5, involving the exclusion of sales tax and excise duty from the total turnover for deduction under section 80HHC, as a substantial question of law was recognized for further consideration. en-us Tue, 30 Mar 2010 00:00:00 +0530 Thu, 04 Apr 2024 18:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313279 The Tribunal dismissed the appeal concerning issues 1 to 4, affirming the CIT(A)'s decisions due to the absence of substantial questions of law. Specifically, Rs.33,20,000/- was classified as a long-term capital gain; interest disallowance of Rs.8,19,000/- was deleted; Rs.2,93,439/- for unexplained expenditure was removed; and the Rs.6,02,31,163/- addition due to stock discrepancies was deleted. However, the appeal was admitted for issue 5, involving the exclusion of sales tax and excise duty from the total turnover for deduction under section 80HHC, as a substantial question of law was recognized for further consideration. Case-Laws Income Tax Tue, 30 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313279