https://www.taxtmi.com/caselaws?id=336966 The ITAT Kolkata partially allowed the appeal for AY 2008-09, directing the deletion of the addition on closing stock valuation due to lack of clear verification by the bank. However, the appeal for AY 2009-10 regarding the addition of undisclosed purchases was dismissed as the assessee had admitted to the purchases before the CIT(A) and had been given the opportunity to respond. en-us Wed, 28 Dec 2016 00:00:00 +0530 Sun, 01 Jan 2017 14:18:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336966 The ITAT Kolkata partially allowed the appeal for AY 2008-09, directing the deletion of the addition on closing stock valuation due to lack of clear verification by the bank. However, the appeal for AY 2009-10 regarding the addition of undisclosed purchases was dismissed as the assessee had admitted to the purchases before the CIT(A) and had been given the opportunity to respond. Case-Laws Income Tax Wed, 28 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336966