https://www.taxtmi.com/caselaws?id=274271 The High Court upheld the decision in favor of the assessee, dismissing the appeal based on the concurrent findings of both lower courts. The addition of Rs. 1,72,77,262/- made by the Assessing Officer on account of unexplained investment in stock found during search was deleted, as the Tribunal accepted the stock register produced by the assessee. The Court found that the explanation of unaccounted cash was not satisfactorily explained, leading to the deletion of the addition. The Tribunal's decision was supported by the CIT (Appeal) considering the submissions and material on record. en-us Mon, 31 Jul 2017 00:00:00 +0530 Sat, 04 Aug 2018 08:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274271 The High Court upheld the decision in favor of the assessee, dismissing the appeal based on the concurrent findings of both lower courts. The addition of Rs. 1,72,77,262/- made by the Assessing Officer on account of unexplained investment in stock found during search was deleted, as the Tribunal accepted the stock register produced by the assessee. The Court found that the explanation of unaccounted cash was not satisfactorily explained, leading to the deletion of the addition. The Tribunal's decision was supported by the CIT (Appeal) considering the submissions and material on record. Case-Laws Income Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274271