https://www.taxtmi.com/caselaws?id=68437 The Tribunal partially allowed the appeal, deleting the addition of Rs. 1,16,427 for excess stock but upholding the addition of Rs. 12,000 for low household withdrawals. The Tribunal emphasized giving more weight to evidence over a retracted statement and accepted the authorized representative's arguments regarding the excess stock issue. The appeal was successful in part, with the excess stock addition reduced and the low withdrawals addition maintained due to insufficient contradictory evidence. en-us Mon, 31 Jan 2005 00:00:00 +0530 Wed, 30 Mar 2011 09:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68437 The Tribunal partially allowed the appeal, deleting the addition of Rs. 1,16,427 for excess stock but upholding the addition of Rs. 12,000 for low household withdrawals. The Tribunal emphasized giving more weight to evidence over a retracted statement and accepted the authorized representative's arguments regarding the excess stock issue. The appeal was successful in part, with the excess stock addition reduced and the low withdrawals addition maintained due to insufficient contradictory evidence. Case-Laws Income Tax Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68437