https://www.taxtmi.com/caselaws?id=357611 The Tribunal dismissed the Revenue's appeal and upheld the Commissioner's decision to delete the addition made under section 69 of the Income Tax Act for the excess weight of gold ornaments found during the survey. The Tribunal found that the assessing officer's treatment of unaccounted gold ornaments as undisclosed investment was flawed due to discrepancies in stock recording and valuation methods, ultimately concluding that the Commissioner's order had no infirmity. en-us Fri, 23 Mar 2018 00:00:00 +0530 Mon, 26 Mar 2018 08:38:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357611 The Tribunal dismissed the Revenue's appeal and upheld the Commissioner's decision to delete the addition made under section 69 of the Income Tax Act for the excess weight of gold ornaments found during the survey. The Tribunal found that the assessing officer's treatment of unaccounted gold ornaments as undisclosed investment was flawed due to discrepancies in stock recording and valuation methods, ultimately concluding that the Commissioner's order had no infirmity. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357611