https://www.taxtmi.com/caselaws?id=269978 The Tribunal upheld the CIT(A)'s decision to delete additions of excess and short stock amounts as undisclosed income in a case involving a manufacturing company surveyed under sec. 133A of the Income-tax Act, 1961. The Assessing Officer failed to follow proper stock verification procedures and provide evidence to the assessee, leading to the deletions being upheld based on principles of natural justice and due process. The Tribunal dismissed the Revenue's challenges, emphasizing the importance of adherence to procedural fairness and evidence in tax assessments. en-us Mon, 02 Nov 2015 00:00:00 +0530 Fri, 25 Dec 2015 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269978 The Tribunal upheld the CIT(A)'s decision to delete additions of excess and short stock amounts as undisclosed income in a case involving a manufacturing company surveyed under sec. 133A of the Income-tax Act, 1961. The Assessing Officer failed to follow proper stock verification procedures and provide evidence to the assessee, leading to the deletions being upheld based on principles of natural justice and due process. The Tribunal dismissed the Revenue's challenges, emphasizing the importance of adherence to procedural fairness and evidence in tax assessments. Case-Laws Income Tax Mon, 02 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269978