https://www.taxtmi.com/caselaws?id=258303 The Tribunal reversed the CIT(A)'s decision to add Rs. 1,51,67,000 on account of undisclosed investment, finding that the reconciliation statement provided by the assessee was not considered properly. The Tribunal accepted the explanation that the stock discrepancy was due to work in progress and sales booking. Consequently, the addition was deleted, and the assessee's appeal was allowed. en-us Thu, 12 Sep 2013 00:00:00 +0530 Sat, 04 Apr 2015 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258303 The Tribunal reversed the CIT(A)'s decision to add Rs. 1,51,67,000 on account of undisclosed investment, finding that the reconciliation statement provided by the assessee was not considered properly. The Tribunal accepted the explanation that the stock discrepancy was due to work in progress and sales booking. Consequently, the addition was deleted, and the assessee's appeal was allowed. Case-Laws Income Tax Thu, 12 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258303