https://www.taxtmi.com/caselaws?id=386091 The Tribunal upheld the CIT(A)'s decision that the excess stock of Rs. 4,70,54,450 was part of the regular business income and not an unexplained investment under Section 69 of the Income Tax Act. It also confirmed that the assessee was entitled to set off its business loss of Rs. 1,17,55,657 against the income assessed under Section 69 for the assessment year 2015-16. en-us Wed, 28 Aug 2019 00:00:00 +0530 Sat, 21 Sep 2019 09:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386091 The Tribunal upheld the CIT(A)'s decision that the excess stock of Rs. 4,70,54,450 was part of the regular business income and not an unexplained investment under Section 69 of the Income Tax Act. It also confirmed that the assessee was entitled to set off its business loss of Rs. 1,17,55,657 against the income assessed under Section 69 for the assessment year 2015-16. Case-Laws Income Tax Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386091