https://www.taxtmi.com/caselaws?id=360234 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal. The Tribunal upheld the deletion of additions related to remuneration to partners, excess stock valuation, excess diamond stock, Section 69B addition, negative cash balance, and disclosure on loose papers. The Tribunal also reduced trading additions significantly, finding the AO's estimations arbitrary. The Tribunal sustained the provisions of Section 145(3) but adjusted the additions based on reconciliations and merit of the case. en-us Mon, 07 May 2018 00:00:00 +0530 Sat, 12 May 2018 08:44:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360234 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal. The Tribunal upheld the deletion of additions related to remuneration to partners, excess stock valuation, excess diamond stock, Section 69B addition, negative cash balance, and disclosure on loose papers. The Tribunal also reduced trading additions significantly, finding the AO's estimations arbitrary. The Tribunal sustained the provisions of Section 145(3) but adjusted the additions based on reconciliations and merit of the case. Case-Laws Income Tax Mon, 07 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360234