https://www.taxtmi.com/caselaws?id=287631 The Tribunal allowed the appeal, setting aside the addition of &8377;2,03,875 by the AO for stock shortage during the survey. The Tribunal found the AO's reliance on an employee's statement without considering subsequent clarifications and evidence as unjustified. It emphasized the inappropriateness of obtaining confessions during surveys and noted the lack of investigation into potential reasons for the stock shortage. The charging of interest under sections 234B and 234C was not explicitly addressed in the judgment. en-us Fri, 13 Jan 2012 00:00:00 +0530 Thu, 23 Apr 2020 14:25:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287631 The Tribunal allowed the appeal, setting aside the addition of &8377;2,03,875 by the AO for stock shortage during the survey. The Tribunal found the AO's reliance on an employee's statement without considering subsequent clarifications and evidence as unjustified. It emphasized the inappropriateness of obtaining confessions during surveys and noted the lack of investigation into potential reasons for the stock shortage. The charging of interest under sections 234B and 234C was not explicitly addressed in the judgment. Case-Laws Income Tax Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287631