https://www.taxtmi.com/caselaws?id=249731 The Tribunal allowed the appeal for statistical purposes, remitting both issues back to the Assessing Officer (AO) for further verification and decision. Regarding the alleged difference in AIR information and liquor purchases, the Tribunal accepted the assessee's reconciliation and the confirmation letter from the vendor, directing the AO to conduct necessary inquiries. In the case of the loss of trading stock due to fire, the Tribunal clarified that new claims could be entertained and remitted the issue back for examination as the loss was substantiated and the insurance claim was accounted for in the subsequent year. en-us Wed, 11 Jun 2014 00:00:00 +0530 Tue, 22 Jul 2014 21:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249731 The Tribunal allowed the appeal for statistical purposes, remitting both issues back to the Assessing Officer (AO) for further verification and decision. Regarding the alleged difference in AIR information and liquor purchases, the Tribunal accepted the assessee's reconciliation and the confirmation letter from the vendor, directing the AO to conduct necessary inquiries. In the case of the loss of trading stock due to fire, the Tribunal clarified that new claims could be entertained and remitted the issue back for examination as the loss was substantiated and the insurance claim was accounted for in the subsequent year. Case-Laws Income Tax Wed, 11 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249731