https://www.taxtmi.com/caselaws?id=370908 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on all counts. The additions made by the AO were found unjustified, emphasizing the importance of proper verification and evidence before adding to the assessee's income. The Tribunal ruled in favor of the assessee in all issues regarding valuation of closing stock, low Gross Profit, unverifiable expenses, and unexplained unsecured loans under section 68 of the Income Tax Act, 1961. en-us Thu, 22 Nov 2018 00:00:00 +0530 Mon, 26 Nov 2018 07:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370908 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on all counts. The additions made by the AO were found unjustified, emphasizing the importance of proper verification and evidence before adding to the assessee's income. The Tribunal ruled in favor of the assessee in all issues regarding valuation of closing stock, low Gross Profit, unverifiable expenses, and unexplained unsecured loans under section 68 of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 22 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370908