https://www.taxtmi.com/caselaws?id=56249 The Tribunal partly allowed the appeal by ruling that no additional tax under Section 143(1A) should be charged, citing a retrospective amendment disallowing provisions for bad debts. The Tribunal also deleted a trading addition of Rs. 7,29,378, finding reasonable explanations for the lower GP rate. Disallowances of secret commissions and commissions paid to certain parties were upheld, but the issue of commissions paid was remitted for fresh adjudication. Other disallowances for printing expenses, vehicle expenses, and rent were deleted. The Tribunal reduced the disallowance under Section 37(2A) and directed the re-computation of interest under Sections 234A and 234B. en-us Thu, 24 Nov 2005 00:00:00 +0530 Thu, 02 Dec 2010 16:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56249 The Tribunal partly allowed the appeal by ruling that no additional tax under Section 143(1A) should be charged, citing a retrospective amendment disallowing provisions for bad debts. The Tribunal also deleted a trading addition of Rs. 7,29,378, finding reasonable explanations for the lower GP rate. Disallowances of secret commissions and commissions paid to certain parties were upheld, but the issue of commissions paid was remitted for fresh adjudication. Other disallowances for printing expenses, vehicle expenses, and rent were deleted. The Tribunal reduced the disallowance under Section 37(2A) and directed the re-computation of interest under Sections 234A and 234B. Case-Laws Income Tax Thu, 24 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56249