https://www.taxtmi.com/caselaws?id=271145 The Tribunal upheld the CIT(A)'s decision to delete the addition, emphasizing that applying the GP rate on the shortfall stock would result in double taxation. The Tribunal also noted the adequacy of the surrendered amount to cover discrepancies and the absence of defects in the assessee's books of accounts. The departmental appeal was dismissed, affirming the CIT(A)'s order. en-us Mon, 14 Dec 2015 00:00:00 +0530 Thu, 28 Jan 2016 10:03:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271145 The Tribunal upheld the CIT(A)'s decision to delete the addition, emphasizing that applying the GP rate on the shortfall stock would result in double taxation. The Tribunal also noted the adequacy of the surrendered amount to cover discrepancies and the absence of defects in the assessee's books of accounts. The departmental appeal was dismissed, affirming the CIT(A)'s order. Case-Laws Income Tax Mon, 14 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271145