https://www.taxtmi.com/caselaws?id=395039 The tribunal upheld the CIT(A)'s decision to delete the addition made by the Assessing Officer due to a discrepancy in stock values between the stock statement filed with the bank and the books of account. The tribunal found that the stock statement submitted to the bank was based on estimates and that the minor difference should be ignored. The Revenue's appeal was dismissed, and the order of the CIT(A) was upheld, emphasizing the importance of properly maintained books over stock statements submitted to the bank. en-us Thu, 27 Feb 2020 00:00:00 +0530 Fri, 01 May 2020 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395039 The tribunal upheld the CIT(A)'s decision to delete the addition made by the Assessing Officer due to a discrepancy in stock values between the stock statement filed with the bank and the books of account. The tribunal found that the stock statement submitted to the bank was based on estimates and that the minor difference should be ignored. The Revenue's appeal was dismissed, and the order of the CIT(A) was upheld, emphasizing the importance of properly maintained books over stock statements submitted to the bank. Case-Laws Income Tax Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395039