https://www.taxtmi.com/caselaws?id=385778 The Tribunal partially allowed the appeal, reducing the addition to the total income and emphasizing the importance of maintaining stock records for accurate profit calculation under section 145 of the IT Act. The Tribunal directed the Assessing Officer to restrict the addition to 50,000 due to potential revenue leakage resulting from the non-maintenance of stock records. en-us Fri, 02 Aug 2019 00:00:00 +0530 Fri, 13 Sep 2019 06:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385778 The Tribunal partially allowed the appeal, reducing the addition to the total income and emphasizing the importance of maintaining stock records for accurate profit calculation under section 145 of the IT Act. The Tribunal directed the Assessing Officer to restrict the addition to 50,000 due to potential revenue leakage resulting from the non-maintenance of stock records. Case-Laws Income Tax Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385778