https://www.taxtmi.com/caselaws?id=219186 The ITAT upheld the CIT(A)'s decisions to delete additions totaling Rs.5,47,45,795 on account of reconciliation differences in the closing stock of natural gas and other items. The Tribunal emphasized the reasonableness of the losses, consistent application of decisions across multiple assessment years, and expert opinions from previous cases. Despite multiple rounds of appeals, the revenue's appeals were dismissed in both cases, affirming the deletion of the additions. en-us Tue, 31 Jan 2012 00:00:00 +0530 Fri, 07 Dec 2012 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219186 The ITAT upheld the CIT(A)'s decisions to delete additions totaling Rs.5,47,45,795 on account of reconciliation differences in the closing stock of natural gas and other items. The Tribunal emphasized the reasonableness of the losses, consistent application of decisions across multiple assessment years, and expert opinions from previous cases. Despite multiple rounds of appeals, the revenue's appeals were dismissed in both cases, affirming the deletion of the additions. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219186