https://www.taxtmi.com/caselaws?id=13666 The High Court held that the Tribunal's decision to delete the addition of excess stock of fabric was not justified in law. The Court found the Tribunal's approach lacking in considering the Commissioner of Income-tax (Appeals) decision and evidence presented. Consequently, the order was quashed, and the matter was remanded to the Tribunal for a fresh decision, allowing both parties a fair opportunity to present their case. The appeal was allowed, with costs imposed on the respondent-assessee. en-us Tue, 13 Sep 2005 00:00:00 +0530 Wed, 01 Jul 2009 12:01:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13666 The High Court held that the Tribunal's decision to delete the addition of excess stock of fabric was not justified in law. The Court found the Tribunal's approach lacking in considering the Commissioner of Income-tax (Appeals) decision and evidence presented. Consequently, the order was quashed, and the matter was remanded to the Tribunal for a fresh decision, allowing both parties a fair opportunity to present their case. The appeal was allowed, with costs imposed on the respondent-assessee. Case-Laws Income Tax Tue, 13 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13666