https://www.taxtmi.com/caselaws?id=56930 Trading additions based on alleged absence of a stock register and additions on cash credits required fresh factual examination where the appellate findings were inconsistent or incomplete. The Tribunal remitted the trading addition issue for a clear finding on stock register maintenance and remitted the cash credit issue because the assessee had not satisfactorily established creditor identity, capacity, and genuineness. The disallowance of entertainment expenses was also remitted for proper inquiry into the expenditure bifurcation and applicable restriction. By contrast, the deletion of disallowances relating to miscellaneous expenses, staff maintenance, and vehicle maintenance was upheld on the facts, with staff welfare and vehicle expense treatment accepted as business-related. en-us Thu, 16 Oct 1986 00:00:00 +0530 Tue, 07 Dec 2010 13:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56930 Trading additions based on alleged absence of a stock register and additions on cash credits required fresh factual examination where the appellate findings were inconsistent or incomplete. The Tribunal remitted the trading addition issue for a clear finding on stock register maintenance and remitted the cash credit issue because the assessee had not satisfactorily established creditor identity, capacity, and genuineness. The disallowance of entertainment expenses was also remitted for proper inquiry into the expenditure bifurcation and applicable restriction. By contrast, the deletion of disallowances relating to miscellaneous expenses, staff maintenance, and vehicle maintenance was upheld on the facts, with staff welfare and vehicle expense treatment accepted as business-related. Case-Laws Income Tax Thu, 16 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56930