https://www.taxtmi.com/caselaws?id=183084 The Tribunal's revisional or appellate power was confined to orders made in the appeal before it, so it could not direct reduction of a completed assessment for another year that was not in issue. On stock loss, the tobacco shortage was treated as part of the opening stock of the relevant year and, absent evidence that the loss arose later, was attributed to the preceding accounting year. The closing stock valuation was also sustained because the assessee produced no reliable market evidence and the estimate rested on material on record. en-us Tue, 04 Dec 1962 00:00:00 +0530 Fri, 27 May 2016 16:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183084 The Tribunal's revisional or appellate power was confined to orders made in the appeal before it, so it could not direct reduction of a completed assessment for another year that was not in issue. On stock loss, the tobacco shortage was treated as part of the opening stock of the relevant year and, absent evidence that the loss arose later, was attributed to the preceding accounting year. The closing stock valuation was also sustained because the assessee produced no reliable market evidence and the estimate rested on material on record. Case-Laws Income Tax Tue, 04 Dec 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183084