https://www.taxtmi.com/caselaws?id=237317 The Allahabad High Court upheld the ITAT's decision to delete the addition based on stock valuation by independent authorities post-search, emphasizing the importance of credible stock inventories prepared by entities like the Central Excise Department and the Court Commissioner. The Court dismissed the department's appeal, highlighting the factual findings and legality of the search operation, ultimately relying on the reports of independent authorities involved in the stock valuation process. en-us Tue, 03 Sep 2013 00:00:00 +0530 Wed, 25 Sep 2013 07:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237317 The Allahabad High Court upheld the ITAT's decision to delete the addition based on stock valuation by independent authorities post-search, emphasizing the importance of credible stock inventories prepared by entities like the Central Excise Department and the Court Commissioner. The Court dismissed the department's appeal, highlighting the factual findings and legality of the search operation, ultimately relying on the reports of independent authorities involved in the stock valuation process. Case-Laws Income Tax Tue, 03 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237317