https://www.taxtmi.com/caselaws?id=233993 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions in a case involving the deletion of additions of Rs. 49,68,844/- for negative stock and Rs. 63,628/- for interest disallowance. The Assessing Officer's additions were found to be unfounded as the books of accounts were audited, quantitative details were provided, and no irregularities were identified. The Tribunal affirmed that the Assessing Officer failed to prove any discrepancies in the accounts, leading to the dismissal of the Revenue's appeal. en-us Mon, 20 May 2013 00:00:00 +0530 Fri, 24 May 2013 08:46:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233993 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions in a case involving the deletion of additions of Rs. 49,68,844/- for negative stock and Rs. 63,628/- for interest disallowance. The Assessing Officer's additions were found to be unfounded as the books of accounts were audited, quantitative details were provided, and no irregularities were identified. The Tribunal affirmed that the Assessing Officer failed to prove any discrepancies in the accounts, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 20 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233993