https://www.taxtmi.com/caselaws?id=385606 The appeal of the Revenue was dismissed, upholding the CIT(A)'s decisions on all issues. The CIT(A) found the stock-taking procedure unreliable and deleted the addition on account of excess stock of paddy. Additionally, the CIT(A) restricted the addition on account of excess stock of gunny bags based on verified figures. The CIT(A) also restricted the addition on account of capital introduction by the partners due to unverified transactions. The judgment emphasized the importance of reliable stock verification procedures and the necessity of proving transaction genuineness with credible evidence. en-us Wed, 04 Sep 2019 00:00:00 +0530 Mon, 09 Sep 2019 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385606 The appeal of the Revenue was dismissed, upholding the CIT(A)'s decisions on all issues. The CIT(A) found the stock-taking procedure unreliable and deleted the addition on account of excess stock of paddy. Additionally, the CIT(A) restricted the addition on account of excess stock of gunny bags based on verified figures. The CIT(A) also restricted the addition on account of capital introduction by the partners due to unverified transactions. The judgment emphasized the importance of reliable stock verification procedures and the necessity of proving transaction genuineness with credible evidence. Case-Laws Income Tax Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385606