https://www.taxtmi.com/caselaws?id=390831 The ITAT upheld the deletion of undisclosed income by the CIT (A) due to plausible explanations provided by the assessee regarding stock discrepancies. The admission of additional evidence by the CIT (A) was deemed procedurally correct, with the ITAT dismissing the Revenue's appeal. The claim for deduction under Section 10A was denied as the income did not stem from eligible activities, resulting in the dismissal of both the Revenue's appeal and the assessee's cross-objection. en-us Thu, 19 Dec 2019 00:00:00 +0530 Mon, 13 Jan 2020 07:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390831 The ITAT upheld the deletion of undisclosed income by the CIT (A) due to plausible explanations provided by the assessee regarding stock discrepancies. The admission of additional evidence by the CIT (A) was deemed procedurally correct, with the ITAT dismissing the Revenue's appeal. The claim for deduction under Section 10A was denied as the income did not stem from eligible activities, resulting in the dismissal of both the Revenue's appeal and the assessee's cross-objection. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390831