https://www.taxtmi.com/caselaws?id=184697 The Tribunal ruled in favor of the assessee, deleting the entire addition made by the assessing officer and CIT(A) regarding a discrepancy in stock statements submitted for availing higher credit facility. Citing legal precedents emphasizing physical verification of stock by banking authorities and consistency in accounting methods, the Court upheld the Tribunal's decision. The revenue's advocate failed to challenge established legal interpretations, leading to the dismissal of the Tax Appeal and confirming the Tribunal's order in favor of the assessee. en-us Fri, 12 Dec 2014 00:00:00 +0530 Thu, 21 May 2026 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184697 The Tribunal ruled in favor of the assessee, deleting the entire addition made by the assessing officer and CIT(A) regarding a discrepancy in stock statements submitted for availing higher credit facility. Citing legal precedents emphasizing physical verification of stock by banking authorities and consistency in accounting methods, the Court upheld the Tribunal's decision. The revenue's advocate failed to challenge established legal interpretations, leading to the dismissal of the Tax Appeal and confirming the Tribunal's order in favor of the assessee. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184697