https://www.taxtmi.com/caselaws?id=17303 The High Court upheld the assessment of the understatement in closing stock in favor of the Revenue, while ruling in favor of the assessee regarding the legality of the levy of interest under section 139(8) and section 215 of the Income-tax Act. The judgment provided a detailed analysis of the issues raised and the reasoning behind the court's decisions, ensuring a comprehensive review of the case. en-us Wed, 24 Jul 1996 00:00:00 +0530 Mon, 21 Sep 2009 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17303 The High Court upheld the assessment of the understatement in closing stock in favor of the Revenue, while ruling in favor of the assessee regarding the legality of the levy of interest under section 139(8) and section 215 of the Income-tax Act. The judgment provided a detailed analysis of the issues raised and the reasoning behind the court's decisions, ensuring a comprehensive review of the case. Case-Laws Income Tax Wed, 24 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17303