https://www.taxtmi.com/caselaws?id=58681 The Tribunal partly allowed the appeal by deleting the addition of Rs. 4,38,789 and remitting the issue of profit under section 41(2) back to the Income Tax Officer for further investigation. All other grounds raised by the assessee were rejected, including the disallowance of gifts, sales tax penalty, exchange difference, payment for goodwill valuation, and challenge to the levy of interest under sections 139 and 215. en-us Mon, 09 Nov 1987 00:00:00 +0530 Tue, 21 Dec 2010 15:12:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58681 The Tribunal partly allowed the appeal by deleting the addition of Rs. 4,38,789 and remitting the issue of profit under section 41(2) back to the Income Tax Officer for further investigation. All other grounds raised by the assessee were rejected, including the disallowance of gifts, sales tax penalty, exchange difference, payment for goodwill valuation, and challenge to the levy of interest under sections 139 and 215. Case-Laws Income Tax Mon, 09 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58681