Court Deletes Income Additions Due to Lack of Evidence Linking Excess Stock to Assessee in Survey Proceedings.

Court Deletes Income Additions Due to Lack of Evidence Linking Excess Stock to Assessee in Survey Proceedings. https://www.taxtmi.com/highlights?id=49105 Addition made on account of valuation of stock found in the survey proceedings - reliance upon statement by the son of the proprietor who is partner in another partnership firm - there was no evidence to show that the excess stock alleged to have been found at the warehouse premises belongs to assessee - Additions deleted. en-us Wed, 04 Sep 2019 08:23:46 +0530 Wed, 04 Sep 2019 08:23:46 +0530 TaxTMI RSS Generator Court Deletes Income Additions Due to Lack of Evidence Linking Excess Stock to Assessee in Survey Proceedings. https://www.taxtmi.com/highlights?id=49105 Addition made on account of valuation of stock found in the survey proceedings - reliance upon statement by the son of the proprietor who is partner in another partnership firm - there was no evidence to show that the excess stock alleged to have been found at the warehouse premises belongs to assessee - Additions deleted. Highlights Income Tax Wed, 04 Sep 2019 08:23:46 +0530 https://www.taxtmi.com/highlights?id=49105