https://www.taxtmi.com/caselaws?id=57153 Plausible distress sales in the closing month of the liquor year, supported by the absence of any defect in purchases, sales or accounting, could not justify an addition based on reduced sales, so that addition was deleted. The claim for expenditure said to assist excise raids against illicit liquor production required findings on genuineness of the need to incur it and the reasonableness of the amount, and was remitted for fresh examination on those tests. A minor disallowance was not interfered with and was upheld. en-us Sat, 26 Dec 1981 00:00:00 +0530 Wed, 08 Dec 2010 16:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57153 Plausible distress sales in the closing month of the liquor year, supported by the absence of any defect in purchases, sales or accounting, could not justify an addition based on reduced sales, so that addition was deleted. The claim for expenditure said to assist excise raids against illicit liquor production required findings on genuineness of the need to incur it and the reasonableness of the amount, and was remitted for fresh examination on those tests. A minor disallowance was not interfered with and was upheld. Case-Laws Income Tax Sat, 26 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57153