https://www.taxtmi.com/caselaws?id=388806 The appeal filed by the Revenue was dismissed, and the order of the CIT(A) deleting the addition of Rs. 13,47,71,926 was upheld. The Tribunal found that the correct closing stock was 90,620 kg, and the valuation of Rs. 2,49,56,300 was accurate. The Assessing Officer's reliance on incorrect figures in Form 3CD and the subsequent addition were deemed unjustified. The Tribunal agreed with the CIT(A) that the quantitative details in Form 3CD need not be relied upon due to the inadvertent mistake. en-us Wed, 20 Nov 2019 00:00:00 +0530 Sat, 23 Nov 2019 09:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388806 The appeal filed by the Revenue was dismissed, and the order of the CIT(A) deleting the addition of Rs. 13,47,71,926 was upheld. The Tribunal found that the correct closing stock was 90,620 kg, and the valuation of Rs. 2,49,56,300 was accurate. The Assessing Officer's reliance on incorrect figures in Form 3CD and the subsequent addition were deemed unjustified. The Tribunal agreed with the CIT(A) that the quantitative details in Form 3CD need not be relied upon due to the inadvertent mistake. Case-Laws Income Tax Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388806