https://www.taxtmi.com/caselaws?id=283398 The High Court dismissed the Tax Appeal regarding the addition of Rs. 1,59,22,356 due to a stock statement discrepancy. The Tribunal had reduced the addition based on physical stock matching during a survey, attributing the discrepancy to differing accounts and inflated values for credit limits. The Court found no legal issue as lower authorities had adequately assessed the facts. Additionally, the Court dismissed the appeal concerning the deletion of Rs. 7.48 Crore added based on seized diary entries, as the entries belonged to another individual confirmed by affidavit, emphasizing the importance of factual findings in legal decisions. en-us Tue, 09 Oct 2018 00:00:00 +0530 Sat, 21 Sep 2019 09:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283398 The High Court dismissed the Tax Appeal regarding the addition of Rs. 1,59,22,356 due to a stock statement discrepancy. The Tribunal had reduced the addition based on physical stock matching during a survey, attributing the discrepancy to differing accounts and inflated values for credit limits. The Court found no legal issue as lower authorities had adequately assessed the facts. Additionally, the Court dismissed the appeal concerning the deletion of Rs. 7.48 Crore added based on seized diary entries, as the entries belonged to another individual confirmed by affidavit, emphasizing the importance of factual findings in legal decisions. Case-Laws Income Tax Tue, 09 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283398