https://www.taxtmi.com/caselaws?id=270376 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the revenue's appeal on all grounds. The additions on account of undervaluation of stock and difference between undisclosed income were deleted, as well as the disallowance of interest payment without TDS deduction. The Tribunal concluded that the valuation of stock at current market prices was justified, the declared income covered the undisclosed transactions, and the receipt of Form No. 15G exempted the assessee from TDS deduction, leading to the dismissal of the revenue's appeal and the assessee's cross-objection. en-us Thu, 15 Oct 2015 00:00:00 +0530 Tue, 05 Jan 2016 22:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270376 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the revenue's appeal on all grounds. The additions on account of undervaluation of stock and difference between undisclosed income were deleted, as well as the disallowance of interest payment without TDS deduction. The Tribunal concluded that the valuation of stock at current market prices was justified, the declared income covered the undisclosed transactions, and the receipt of Form No. 15G exempted the assessee from TDS deduction, leading to the dismissal of the revenue's appeal and the assessee's cross-objection. Case-Laws Income Tax Thu, 15 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270376