https://www.taxtmi.com/caselaws?id=219304 The appeal was allowed in favor of the assessee. The court found that the valuation of stock by the registered Valuer lacked justification and the assessee was not provided with adequate opportunity to present their case. As the surrendered amount during the survey was accepted, no further addition was deemed necessary. The court emphasized the importance of due process and proper valuation procedures in reaching its decision. en-us Wed, 18 Jul 2012 00:00:00 +0530 Tue, 11 Dec 2012 08:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219304 The appeal was allowed in favor of the assessee. The court found that the valuation of stock by the registered Valuer lacked justification and the assessee was not provided with adequate opportunity to present their case. As the surrendered amount during the survey was accepted, no further addition was deemed necessary. The court emphasized the importance of due process and proper valuation procedures in reaching its decision. Case-Laws Income Tax Wed, 18 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219304