https://www.taxtmi.com/caselaws?id=14751 The High Court ruled in favor of the Revenue, overturning the Tribunal's decision and upholding the addition of Rs. 4,98,110 towards gross profit due to discrepancies in the closing stock of a partnership firm engaged in various businesses. The Court emphasized the importance of physical stock verification by forest authorities and noted the Tribunal's failure to adequately address discrepancies, leading to the decision in favor of the Revenue. en-us Mon, 24 Jan 2000 00:00:00 +0530 Sat, 18 Jul 2009 13:37:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14751 The High Court ruled in favor of the Revenue, overturning the Tribunal's decision and upholding the addition of Rs. 4,98,110 towards gross profit due to discrepancies in the closing stock of a partnership firm engaged in various businesses. The Court emphasized the importance of physical stock verification by forest authorities and noted the Tribunal's failure to adequately address discrepancies, leading to the decision in favor of the Revenue. Case-Laws Income Tax Mon, 24 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14751