https://www.taxtmi.com/caselaws?id=172342 The High Court dismissed the appeal as no substantial question of law arose from the Tribunal's order. The assessing officer's addition to the returned income based on variation in closing stock was set aside by the CIT(A) and upheld by the Tribunal. The Court found no discrepancies in the books of account apart from the stock variation, and without evidence of suppressed sales or inflated purchases, the addition was not justified solely based on the stock statement discrepancy. The appeal was dismissed based on factual findings and lack of identified legal questions. en-us Thu, 12 Oct 2006 00:00:00 +0530 Wed, 19 Aug 2015 15:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172342 The High Court dismissed the appeal as no substantial question of law arose from the Tribunal's order. The assessing officer's addition to the returned income based on variation in closing stock was set aside by the CIT(A) and upheld by the Tribunal. The Court found no discrepancies in the books of account apart from the stock variation, and without evidence of suppressed sales or inflated purchases, the addition was not justified solely based on the stock statement discrepancy. The appeal was dismissed based on factual findings and lack of identified legal questions. Case-Laws Income Tax Thu, 12 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172342