https://www.taxtmi.com/caselaws?id=346014 The ITAT dismissed the Department's appeals in ITA No. 1677 and 1678, upholding the Ld. CIT (Appeals) decisions to delete additions related to stock valuation discrepancies and provision for rate difference. The Tribunal emphasized the importance of proper maintenance of books of accounts and lack of evidence of suppression, ruling that additions based on stock differences should be supported by adequate material and not arbitrary. en-us Tue, 11 Apr 2017 00:00:00 +0530 Wed, 02 Aug 2017 08:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346014 The ITAT dismissed the Department's appeals in ITA No. 1677 and 1678, upholding the Ld. CIT (Appeals) decisions to delete additions related to stock valuation discrepancies and provision for rate difference. The Tribunal emphasized the importance of proper maintenance of books of accounts and lack of evidence of suppression, ruling that additions based on stock differences should be supported by adequate material and not arbitrary. Case-Laws Income Tax Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346014