https://www.taxtmi.com/caselaws?id=185679 The High Court of Kerala dismissed the appeal filed by the department regarding the cancellation of addition towards the difference in opening stock and closing stock amounting to above Rs. 80 lakhs. The court's decision was based on an agreement between the parties, where the assessee agreed not to contest the opening stock addition of the subsidiary company but would be free to challenge the ground pertaining to gross profit addition. This judgment provided clarity on the conditions under which the appeal was dismissed, allowing the assessee to challenge certain aspects while agreeing not to press the addition related to the subsidiary company's opening stock. en-us Tue, 08 Jun 2010 00:00:00 +0530 Tue, 23 Aug 2016 14:47:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185679 The High Court of Kerala dismissed the appeal filed by the department regarding the cancellation of addition towards the difference in opening stock and closing stock amounting to above Rs. 80 lakhs. The court's decision was based on an agreement between the parties, where the assessee agreed not to contest the opening stock addition of the subsidiary company but would be free to challenge the ground pertaining to gross profit addition. This judgment provided clarity on the conditions under which the appeal was dismissed, allowing the assessee to challenge certain aspects while agreeing not to press the addition related to the subsidiary company's opening stock. Case-Laws Income Tax Tue, 08 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185679