https://www.taxtmi.com/caselaws?id=362621 The ITAT Jaipur allowed the appeal of the assessee, overturning the addition of excess stock amounting to Rs. 5,39,033 during assessment. The challenge to the legality of the notice issued for Assessment Year 2014-15 was dismissed, with the ITAT holding that no prejudice was caused to the appellant despite the unnecessary notice. The ITAT upheld the appellant's method of stock valuation, approved by the ICAI, leading to the deletion of the addition. en-us Mon, 25 Jun 2018 00:00:00 +0530 Fri, 29 Jun 2018 07:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362621 The ITAT Jaipur allowed the appeal of the assessee, overturning the addition of excess stock amounting to Rs. 5,39,033 during assessment. The challenge to the legality of the notice issued for Assessment Year 2014-15 was dismissed, with the ITAT holding that no prejudice was caused to the appellant despite the unnecessary notice. The ITAT upheld the appellant's method of stock valuation, approved by the ICAI, leading to the deletion of the addition. Case-Laws Income Tax Mon, 25 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362621