https://www.taxtmi.com/caselaws?id=118701 The Tribunal allowed the appeal filed by the assessee, accepting the explanation and supporting evidence provided for the stock and purchases. The Tribunal emphasized that the closing stock of the previous year should be taken as the opening stock for the current year, and the accountant's mistakes and the advice received to file returns under section 44AF should not lead to the rejection of genuine transactions supported by documentation. en-us Mon, 24 Oct 2005 00:00:00 +0530 Thu, 05 Jul 2012 11:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118701 The Tribunal allowed the appeal filed by the assessee, accepting the explanation and supporting evidence provided for the stock and purchases. The Tribunal emphasized that the closing stock of the previous year should be taken as the opening stock for the current year, and the accountant's mistakes and the advice received to file returns under section 44AF should not lead to the rejection of genuine transactions supported by documentation. Case-Laws Income Tax Mon, 24 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118701