Tribunal affirms CIT(A) decision, dismisses Revenue's appeal.

The Tribunal upheld the CIT(A)'s decision to delete additions in both grounds. The Revenue's appeal was dismissed, with the Tribunal finding the CIT(A)'s reasoning in line with the Tribunal order for A.Y 2008-09 and noting the lack of basis for the addition related to closing stock details.

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Issues:
1. Deletion of addition by CIT(A) based on Tribunal order
2. Deletion of addition on account of difference in details of closing stock

Analysis:
1. The Revenue appealed against the CIT(A)'s order deleting an addition of Rs. 2,76,21,682, following a Tribunal order in the assessee's own case for A.Y 2008-09. The Tribunal found the CIT(A)'s decision in line with the Tribunal order and upheld it, dismissing Ground No. 1 raised by the Revenue.

2. The second ground involved the deletion of an addition of Rs. 24,14,676 made by the AO due to a mistake in the details of closing stock. The accounts of M/s Jindal Service Station were audited, showing a closing stock of Rs. 31,53,914. An error was acknowledged by the accountant, leading to the addition by the AO. The CIT(A) deleted this addition, which was challenged by the Revenue. The Tribunal upheld the CIT(A)'s decision, noting that the AO lacked a basis for the addition and that the audit report and audited accounts were ignored. The Tribunal found the CIT(A)'s reasoning valid, leading to the dismissal of Ground No. 2 raised by the Revenue.

In conclusion, the Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the additions in both grounds.

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