https://www.taxtmi.com/caselaws?id=187757 The Tribunal allowed the assessee's appeal in part. The addition of Rs. 25,00,000 based on a retracted statement was deleted due to lack of corroborative evidence. The issue of excess stock valuation was remanded for re-examination, and the disallowance of partner remuneration was reversed. The rejection of books of account was not pursued, and the telescoping issue became irrelevant following the decision on the primary issue. en-us Wed, 21 Aug 2013 00:00:00 +0530 Wed, 14 Dec 2016 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187757 The Tribunal allowed the assessee's appeal in part. The addition of Rs. 25,00,000 based on a retracted statement was deleted due to lack of corroborative evidence. The issue of excess stock valuation was remanded for re-examination, and the disallowance of partner remuneration was reversed. The rejection of books of account was not pursued, and the telescoping issue became irrelevant following the decision on the primary issue. Case-Laws Income Tax Wed, 21 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187757