https://www.taxtmi.com/caselaws?id=379375 The Departmental Appeal challenging the deletion of an addition of Rs. 67,83,571/- on account of reduced value of stock was dismissed. The Tribunal upheld the decision to delete the addition, citing consistent valuation methods and lack of adverse comments on provided evidence. Regarding the addition of Rs. 1,64,57,825/- as remission of liability, the Assessee's Appeal was partly allowed for statistical purposes. The matter was remitted back to the assessing officer for reconsideration in light of relevant legal precedent, directing a thorough review and providing the assessee with a reasonable opportunity to present their case. en-us Mon, 29 Apr 2019 00:00:00 +0530 Wed, 01 May 2019 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379375 The Departmental Appeal challenging the deletion of an addition of Rs. 67,83,571/- on account of reduced value of stock was dismissed. The Tribunal upheld the decision to delete the addition, citing consistent valuation methods and lack of adverse comments on provided evidence. Regarding the addition of Rs. 1,64,57,825/- as remission of liability, the Assessee's Appeal was partly allowed for statistical purposes. The matter was remitted back to the assessing officer for reconsideration in light of relevant legal precedent, directing a thorough review and providing the assessee with a reasonable opportunity to present their case. Case-Laws Income Tax Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379375