https://www.taxtmi.com/caselaws?id=361074 The Tribunal partially allowed the appeal, ruling in favor of the assessee by deleting the additions related to stock discrepancy, excessive expenditure, share application money, and depreciation disallowance. The Tribunal highlighted the significance of thorough verification and the requirement for a reasonable cause in the absence of books of accounts. en-us Wed, 23 May 2018 00:00:00 +0530 Fri, 25 May 2018 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361074 The Tribunal partially allowed the appeal, ruling in favor of the assessee by deleting the additions related to stock discrepancy, excessive expenditure, share application money, and depreciation disallowance. The Tribunal highlighted the significance of thorough verification and the requirement for a reasonable cause in the absence of books of accounts. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361074