https://www.taxtmi.com/caselaws?id=370129 The Tribunal partially allowed the appeals of the assessee concerning the addition in the value of closing stock due to claimed weight-loss for the assessment years 2009-10 and 2010-11. While acknowledging the plausibility of the explanation provided by the assessee regarding different weighment methods, the Tribunal noted a consistent pattern in the claimed losses over the years, raising suspicions of manipulation. Despite the lack of concrete evidence, the Tribunal sustained an adhoc disallowance of a specific amount in each assessment year to address potential manipulation, ultimately restricting the addition and deleting the balance for both years. en-us Thu, 01 Nov 2018 00:00:00 +0530 Sat, 10 Nov 2018 07:13:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370129 The Tribunal partially allowed the appeals of the assessee concerning the addition in the value of closing stock due to claimed weight-loss for the assessment years 2009-10 and 2010-11. While acknowledging the plausibility of the explanation provided by the assessee regarding different weighment methods, the Tribunal noted a consistent pattern in the claimed losses over the years, raising suspicions of manipulation. Despite the lack of concrete evidence, the Tribunal sustained an adhoc disallowance of a specific amount in each assessment year to address potential manipulation, ultimately restricting the addition and deleting the balance for both years. Case-Laws Income Tax Thu, 01 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370129