https://www.taxtmi.com/caselaws?id=235816 The HC upheld that additions based on differences between closing and opening stock without seizure evidence could not be made, ruling against Revenue. Additions for alleged gifts were deleted as the assessee proved the donor's identity, genuineness, and creditworthiness. Investments claimed as unaccounted in a Co-op Housing Society were deleted due to lack of conclusive evidence and violation of natural justice, favoring the assessee. Investments in house property were held outside the block period, resulting in deletion of additions. Disallowances related to unaccounted share investments were reduced as the genuineness of computerized cash book entries and cheque payments was established. Overall, the Tribunal's decisions deleting additions were upheld, with the HC ruling predominantly against Revenue. en-us Tue, 02 Apr 2013 00:00:00 +0530 Tue, 05 Aug 2025 15:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235816 The HC upheld that additions based on differences between closing and opening stock without seizure evidence could not be made, ruling against Revenue. Additions for alleged gifts were deleted as the assessee proved the donor's identity, genuineness, and creditworthiness. Investments claimed as unaccounted in a Co-op Housing Society were deleted due to lack of conclusive evidence and violation of natural justice, favoring the assessee. Investments in house property were held outside the block period, resulting in deletion of additions. Disallowances related to unaccounted share investments were reduced as the genuineness of computerized cash book entries and cheque payments was established. Overall, the Tribunal's decisions deleting additions were upheld, with the HC ruling predominantly against Revenue. Case-Laws Income Tax Tue, 02 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235816