https://www.taxtmi.com/caselaws?id=178568 The High Court upheld the Tribunal's decision to dismiss the tax appeal against the addition of unexplained stock valuation difference. The Tribunal found the assessee's explanation for the valuation variance plausible and deleted the addition, stating the burden of proof was on the Revenue. The High Court concurred, affirming no question of law arose in the case. en-us Tue, 19 Jul 2011 00:00:00 +0530 Mon, 08 Feb 2016 18:32:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178568 The High Court upheld the Tribunal's decision to dismiss the tax appeal against the addition of unexplained stock valuation difference. The Tribunal found the assessee's explanation for the valuation variance plausible and deleted the addition, stating the burden of proof was on the Revenue. The High Court concurred, affirming no question of law arose in the case. Case-Laws Income Tax Tue, 19 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178568