https://www.taxtmi.com/caselaws?id=71910 The ITAT upheld the CIT(A)'s decisions, dismissing the revenue's appeal. The deletion of additions totaling Rs. 9,37,735 was affirmed. The AO's addition of Rs. 96,181 for stock difference was rejected due to valuation errors and adequate surrender by the assessee. The Rs. 79,069 addition for suppressed sales was overturned as the reasons for rejecting the books were deemed unjustified. The Rs. 7,62,485 addition based on loose papers was dismissed due to insufficient evidence and valid retraction of the initial statement by the assessee. en-us Fri, 26 Dec 2008 00:00:00 +0530 Tue, 14 Nov 2023 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71910 The ITAT upheld the CIT(A)'s decisions, dismissing the revenue's appeal. The deletion of additions totaling Rs. 9,37,735 was affirmed. The AO's addition of Rs. 96,181 for stock difference was rejected due to valuation errors and adequate surrender by the assessee. The Rs. 79,069 addition for suppressed sales was overturned as the reasons for rejecting the books were deemed unjustified. The Rs. 7,62,485 addition based on loose papers was dismissed due to insufficient evidence and valid retraction of the initial statement by the assessee. Case-Laws Income Tax Fri, 26 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71910