https://www.taxtmi.com/caselaws?id=58811 The appellate court upheld the validity of the supplementary assessment under section 148/147(b) of the Income-tax Act, 1961. The full contribution of Rs. 7,03,143 to the superannuation fund was allowed. The issue of under-valuation of stock was remitted back to the ITO, who subsequently deleted the addition. In the case of disallowance of expenditure in the Agro Aviation Division, the disallowance was limited to Rs. 55,404. The assessee's appeal was partly allowed, while the departmental appeal was dismissed. en-us Fri, 18 May 1979 00:00:00 +0530 Wed, 22 Dec 2010 12:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58811 The appellate court upheld the validity of the supplementary assessment under section 148/147(b) of the Income-tax Act, 1961. The full contribution of Rs. 7,03,143 to the superannuation fund was allowed. The issue of under-valuation of stock was remitted back to the ITO, who subsequently deleted the addition. In the case of disallowance of expenditure in the Agro Aviation Division, the disallowance was limited to Rs. 55,404. The assessee's appeal was partly allowed, while the departmental appeal was dismissed. Case-Laws Income Tax Fri, 18 May 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58811