https://www.taxtmi.com/caselaws?id=181809 The Revenue's appeal against the Commissioner of Income tax (Appeals)-XI, Ahmedabad's decision to delete the addition of excess stock taxed under section 69B of the I.T. Act for the assessment year 2005-06 was dismissed. The Commissioner found that the disclosed income was correctly accounted for in the trading account, reflecting the additional income offered towards excessive stock. The entries in the books of account accurately represented the additional income, leading to the deletion of the Assessing Officer's addition. The Commissioner's decision was upheld, and the Revenue's appeal was rejected. en-us Tue, 15 Mar 2011 00:00:00 +0530 Mon, 25 Apr 2016 15:53:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181809 The Revenue's appeal against the Commissioner of Income tax (Appeals)-XI, Ahmedabad's decision to delete the addition of excess stock taxed under section 69B of the I.T. Act for the assessment year 2005-06 was dismissed. The Commissioner found that the disclosed income was correctly accounted for in the trading account, reflecting the additional income offered towards excessive stock. The entries in the books of account accurately represented the additional income, leading to the deletion of the Assessing Officer's addition. The Commissioner's decision was upheld, and the Revenue's appeal was rejected. Case-Laws Income Tax Tue, 15 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181809