https://www.taxtmi.com/caselaws?id=366483 The High Court of Calcutta condoned a 24-day delay in appealing a decision, finding sufficient cause for the delay. The case involved discrepancies in stock valuation leading to income additions based on a survey operation under Section 133(6) of the Income Tax Act, 1961. The appellant failed to adequately explain the differences in stock valuation methods and maintain detailed stock records, leading to the dismissal of the appeal by both the Tribunal and the first appellate authority. The High Court upheld the lower bodies' decisions, emphasizing factual assessments and burden of proof on the assessee. en-us Tue, 26 Jun 2018 00:00:00 +0530 Wed, 05 Sep 2018 10:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366483 The High Court of Calcutta condoned a 24-day delay in appealing a decision, finding sufficient cause for the delay. The case involved discrepancies in stock valuation leading to income additions based on a survey operation under Section 133(6) of the Income Tax Act, 1961. The appellant failed to adequately explain the differences in stock valuation methods and maintain detailed stock records, leading to the dismissal of the appeal by both the Tribunal and the first appellate authority. The High Court upheld the lower bodies' decisions, emphasizing factual assessments and burden of proof on the assessee. Case-Laws Income Tax Tue, 26 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366483