https://www.taxtmi.com/caselaws?id=67478 The Tribunal reversed the decision of the CIT (Appeals) and reinstated the addition of Rs. 1,15,737 made by the ITO due to shortages in stocks. The Tribunal emphasized the importance of survey operations in verifying account accuracy and found the shortage detected during the survey to be more reliable than discrepancies based on account books alone. The appeal filed by the revenue was allowed, upholding the department's objection and restoring the addition. en-us Fri, 08 Nov 1991 00:00:00 +0530 Thu, 10 Mar 2011 17:41:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67478 The Tribunal reversed the decision of the CIT (Appeals) and reinstated the addition of Rs. 1,15,737 made by the ITO due to shortages in stocks. The Tribunal emphasized the importance of survey operations in verifying account accuracy and found the shortage detected during the survey to be more reliable than discrepancies based on account books alone. The appeal filed by the revenue was allowed, upholding the department's objection and restoring the addition. Case-Laws Income Tax Fri, 08 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67478