https://www.taxtmi.com/caselaws?id=774594 The ITAT Allahabad ruled in favor of the assessee on multiple issues. The tribunal directed deletion of additions for excess production, accepting the yield percentage disclosed by the assessee, and deleted disallowances for alleged bogus purchases following precedent. Additions for extra sales were ordered deleted as the AO and CIT(A) failed to establish grounds under accounting principles and Income Tax Act provisions. For entertainment, telephone, generator, motor vehicle and petrol expenses, disallowance was restricted to 5% of total claims following tribunal precedent. Issues regarding alleged bogus liability and freight cartage expenses were restored to CIT(A) for fresh consideration with proper opportunity to both parties. en-us Mon, 30 Jun 2025 00:00:00 +0530 Sat, 12 Jul 2025 10:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774594 The ITAT Allahabad ruled in favor of the assessee on multiple issues. The tribunal directed deletion of additions for excess production, accepting the yield percentage disclosed by the assessee, and deleted disallowances for alleged bogus purchases following precedent. Additions for extra sales were ordered deleted as the AO and CIT(A) failed to establish grounds under accounting principles and Income Tax Act provisions. For entertainment, telephone, generator, motor vehicle and petrol expenses, disallowance was restricted to 5% of total claims following tribunal precedent. Issues regarding alleged bogus liability and freight cartage expenses were restored to CIT(A) for fresh consideration with proper opportunity to both parties. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774594