https://www.taxtmi.com/caselaws?id=76554 The Tribunal concluded that no addition should be made based on inflated stock values submitted to the bank, emphasizing that the books of account provide the correct picture. It found the stock value in the books genuine and dismissed the appeal at the admission stage, satisfied with its decision regarding the addition under section 69B of the Income-tax Act, 1961. The decision highlighted the importance of accurate financial representation and upheld the integrity of financial reporting standards by deleting the addition made on account of undisclosed investment. en-us Thu, 11 Oct 2007 00:00:00 +0530 Sat, 17 Sep 2011 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76554 The Tribunal concluded that no addition should be made based on inflated stock values submitted to the bank, emphasizing that the books of account provide the correct picture. It found the stock value in the books genuine and dismissed the appeal at the admission stage, satisfied with its decision regarding the addition under section 69B of the Income-tax Act, 1961. The decision highlighted the importance of accurate financial representation and upheld the integrity of financial reporting standards by deleting the addition made on account of undisclosed investment. Case-Laws Income Tax Thu, 11 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76554