https://www.taxtmi.com/caselaws?id=354417 The Tribunal allowed the cross objection of the assessee, directing the AO to delete the addition sustained by the CIT(A). The Tribunal dismissed the revenue's appeal, noting the lack of independent inquiry by the AO and reliance solely on information from the Central Excise Department. It emphasized that stock discrepancies were due to human error and inaccurate weighment of goods. en-us Wed, 24 Jan 2018 00:00:00 +0530 Sat, 27 Jan 2018 08:39:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354417 The Tribunal allowed the cross objection of the assessee, directing the AO to delete the addition sustained by the CIT(A). The Tribunal dismissed the revenue's appeal, noting the lack of independent inquiry by the AO and reliance solely on information from the Central Excise Department. It emphasized that stock discrepancies were due to human error and inaccurate weighment of goods. Case-Laws Income Tax Wed, 24 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354417