https://www.taxtmi.com/caselaws?id=377637 The Court set aside the Tribunal's order adding undisclosed income on excess stock of jewellery for the assessment year 1998-99, as the Tribunal failed to justify the addition of Rs. 3,00,000 without proper basis or concession from the Assessee. The Court restored the CIT (Appeals) order, emphasizing the Tribunal's lack of proper fact-finding and reasoning. The Assessee's appeal was allowed without costs. en-us Thu, 07 Mar 2019 00:00:00 +0530 Tue, 02 Apr 2019 07:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377637 The Court set aside the Tribunal's order adding undisclosed income on excess stock of jewellery for the assessment year 1998-99, as the Tribunal failed to justify the addition of Rs. 3,00,000 without proper basis or concession from the Assessee. The Court restored the CIT (Appeals) order, emphasizing the Tribunal's lack of proper fact-finding and reasoning. The Assessee's appeal was allowed without costs. Case-Laws Income Tax Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377637