https://www.taxtmi.com/caselaws?id=350517 The appeal challenging the assessment of taxable income for AY 1999-2000 based on stock statements was dismissed. The Court upheld the order of the Income Tax Appellate Tribunal, which affirmed the Appellate Commissioner's decision after thorough stock verification for previous years. The Court found the CIT's assessment based on comprehensive review of records reasonable and in accordance with the law, emphasizing the importance of meticulous examination of relevant documents in financial assessments. No question of law was found, leading to the dismissal of the appeal. en-us Fri, 27 Oct 2017 00:00:00 +0530 Thu, 25 Jan 2018 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350517 The appeal challenging the assessment of taxable income for AY 1999-2000 based on stock statements was dismissed. The Court upheld the order of the Income Tax Appellate Tribunal, which affirmed the Appellate Commissioner's decision after thorough stock verification for previous years. The Court found the CIT's assessment based on comprehensive review of records reasonable and in accordance with the law, emphasizing the importance of meticulous examination of relevant documents in financial assessments. No question of law was found, leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 27 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350517