https://www.taxtmi.com/caselaws?id=11631 The court upheld the Assessing Officer's addition of Rs. 8,30,996 to the assessee's income due to the alleged under-valuation of closing stock. The Commissioner (Appeals) initially allowed the appeal, but the Tribunal reversed this decision, emphasizing the lack of evidence on stock age. The Tribunal also dismissed the miscellaneous application for non-compliance with rule 9 of the Appellate Tribunal Rules, leading to an appeal under section 260A. Ultimately, the court declined interference under section 260A, permitting the assessee to address the valuation method issue in a pending reference application, disposing of the appeal without costs. en-us Thu, 24 Apr 2003 00:00:00 +0530 Wed, 03 Feb 2010 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11631 The court upheld the Assessing Officer's addition of Rs. 8,30,996 to the assessee's income due to the alleged under-valuation of closing stock. The Commissioner (Appeals) initially allowed the appeal, but the Tribunal reversed this decision, emphasizing the lack of evidence on stock age. The Tribunal also dismissed the miscellaneous application for non-compliance with rule 9 of the Appellate Tribunal Rules, leading to an appeal under section 260A. Ultimately, the court declined interference under section 260A, permitting the assessee to address the valuation method issue in a pending reference application, disposing of the appeal without costs. Case-Laws Income Tax Thu, 24 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11631