7 results for “disallowance”+ Section 221(1)clear
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In the result, both the appeals of the assessee are allowed
Bench: Sh. Kul Bharatdr. B. R. R. Kumar
section 37(1) of the Act. 43. The assessee invites attention to the Annexure of the Audit report for the year under consideration submitted during the course of assessment proceedings for the captioned year, in which it is opined that the method of accounting of the appellant with respect to inventory is proper. The independent auditor in his report