https://www.taxtmi.com/caselaws?id=71246 The Tribunal determined that the firm was dissolved on 1st April 1995, and there was no closing stock on the dissolution date. Consequently, the entire addition due to alleged undervaluation of closing stock was deleted. The assessee's appeal was partly allowed, while the Department's appeal was dismissed. en-us Fri, 29 Jun 2001 00:00:00 +0530 Fri, 22 Apr 2011 11:21:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71246 The Tribunal determined that the firm was dissolved on 1st April 1995, and there was no closing stock on the dissolution date. Consequently, the entire addition due to alleged undervaluation of closing stock was deleted. The assessee's appeal was partly allowed, while the Department's appeal was dismissed. Case-Laws Income Tax Fri, 29 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71246