https://www.taxtmi.com/caselaws?id=260961 The ITAT Ahmedabad upheld the CIT(A) order, dismissing the Revenue's appeal and the assessee's Cross Objection. The CIT(A) deleted the addition of Rs. 23,38,317 on stock discrepancy, considering the assessee's explanations and disclosure of additional income covering the disputed amount. The Cross Objection was dismissed due to lack of prosecution during the hearing. The decision emphasized the significance of disclosures and explanations in addressing assessment discrepancies. en-us Fri, 08 May 2015 00:00:00 +0530 Mon, 29 Jun 2015 06:29:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260961 The ITAT Ahmedabad upheld the CIT(A) order, dismissing the Revenue's appeal and the assessee's Cross Objection. The CIT(A) deleted the addition of Rs. 23,38,317 on stock discrepancy, considering the assessee's explanations and disclosure of additional income covering the disputed amount. The Cross Objection was dismissed due to lack of prosecution during the hearing. The decision emphasized the significance of disclosures and explanations in addressing assessment discrepancies. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260961