https://www.taxtmi.com/caselaws?id=186488 The Court upheld the deletion of the addition made by the Assessing Officer (AO) regarding the discrepancy in stock of white butter for the assessment year 2005-06. The Court found that the AO's addition was based on presumption without evidence of unaccounted sales. The CIT(A) and Tribunal both ruled in favor of the assessee, noting that no unaccounted sales were found and that the quantity shown in the financial statements matched by the year-end. The departmental appeal was dismissed, affirming the deletion of the AO's addition. en-us Sat, 20 Oct 2012 00:00:00 +0530 Tue, 20 Sep 2016 12:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186488 The Court upheld the deletion of the addition made by the Assessing Officer (AO) regarding the discrepancy in stock of white butter for the assessment year 2005-06. The Court found that the AO's addition was based on presumption without evidence of unaccounted sales. The CIT(A) and Tribunal both ruled in favor of the assessee, noting that no unaccounted sales were found and that the quantity shown in the financial statements matched by the year-end. The departmental appeal was dismissed, affirming the deletion of the AO's addition. Case-Laws Income Tax Sat, 20 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186488