https://www.taxtmi.com/caselaws?id=196717 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of Rs. 49,68,130 for unexplained investment in excess stock for the assessment year 2007-2008. The Tribunal upheld the first appellate authority's decision to grant relief to the assessee, emphasizing that no addition should be made solely based on differences in stock values submitted to the bank and those in the accounts presented for assessment, in line with the jurisdictional High Court decision. en-us Tue, 03 Mar 2015 00:00:00 +0530 Tue, 12 Dec 2017 21:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196717 The Tribunal dismissed the Revenue's appeal against the deletion of an addition of Rs. 49,68,130 for unexplained investment in excess stock for the assessment year 2007-2008. The Tribunal upheld the first appellate authority's decision to grant relief to the assessee, emphasizing that no addition should be made solely based on differences in stock values submitted to the bank and those in the accounts presented for assessment, in line with the jurisdictional High Court decision. Case-Laws Income Tax Tue, 03 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196717