https://www.taxtmi.com/caselaws?id=260909 The Tribunal upheld the decisions of the AO and CIT(A) in a tax appeal case. The appellant's challenges regarding the addition of Rs. 2,50,289 due to differences in creditors' accounts and Rs. 4,40,747 for undervaluation of closing stock were dismissed. The appellant's argument on the disallowance of depreciation amounting to Rs. 1,679 was not pursued and was rejected. The Tribunal found no merit in the appellant's contentions and emphasized that the tax authorities' decisions were supported by evidence and legal provisions. en-us Thu, 12 Feb 2015 00:00:00 +0530 Wed, 25 Feb 2015 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260909 The Tribunal upheld the decisions of the AO and CIT(A) in a tax appeal case. The appellant's challenges regarding the addition of Rs. 2,50,289 due to differences in creditors' accounts and Rs. 4,40,747 for undervaluation of closing stock were dismissed. The appellant's argument on the disallowance of depreciation amounting to Rs. 1,679 was not pursued and was rejected. The Tribunal found no merit in the appellant's contentions and emphasized that the tax authorities' decisions were supported by evidence and legal provisions. Case-Laws Income Tax Thu, 12 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260909