https://www.taxtmi.com/caselaws?id=71728 The Tribunal held that the ITO exceeded jurisdiction under section 154 by attempting to modify the opening stock figure after estimating trading additions. The AAC's partial acceptance of the assessee's plea did not grant the ITO authority to make such changes. The Tribunal emphasized that altering the opening stock figure would impact the gross profit already determined, necessitating AAC involvement. Thus, the ITO's order under section 154 was deemed beyond jurisdiction, leading to the appeal's success. en-us Wed, 03 Dec 1980 00:00:00 +0530 Tue, 26 Apr 2011 17:38:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71728 The Tribunal held that the ITO exceeded jurisdiction under section 154 by attempting to modify the opening stock figure after estimating trading additions. The AAC's partial acceptance of the assessee's plea did not grant the ITO authority to make such changes. The Tribunal emphasized that altering the opening stock figure would impact the gross profit already determined, necessitating AAC involvement. Thus, the ITO's order under section 154 was deemed beyond jurisdiction, leading to the appeal's success. Case-Laws Income Tax Wed, 03 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71728