https://www.taxtmi.com/caselaws?id=394424 The Tribunal upheld the CIT(A)'s decisions, dismissing the appellant-revenue's challenges regarding suppression of closing stock, inflated current liability, and cessation of liability under section 41(1) of the Income Tax Act, 1961. The Tribunal found no defects in the audited books and no substantial question of law. Consequently, the High Court dismissed the appeal, affirming the Tribunal's order and concluding that no substantial question of law warranted further interference. en-us Mon, 02 Dec 2019 00:00:00 +0530 Wed, 06 Nov 2024 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394424 The Tribunal upheld the CIT(A)'s decisions, dismissing the appellant-revenue's challenges regarding suppression of closing stock, inflated current liability, and cessation of liability under section 41(1) of the Income Tax Act, 1961. The Tribunal found no defects in the audited books and no substantial question of law. Consequently, the High Court dismissed the appeal, affirming the Tribunal's order and concluding that no substantial question of law warranted further interference. Case-Laws Income Tax Mon, 02 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394424