https://www.taxtmi.com/caselaws?id=398642 The Tribunal allowed the assessee's appeal by deleting the addition of Rs. 33,57,039/- as unexplained cash and upheld the CIT(A)'s deletion of Rs. 6,14,97,858/- added as excess stock. The revenue's appeal was dismissed, and the Tribunal found no basis for the penalty proceedings under Section 271AAB. The judgment emphasized the importance of considering the completeness of books and the valuation methods used during searches. en-us Tue, 15 Sep 2020 00:00:00 +0530 Mon, 21 Sep 2020 11:54:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398642 The Tribunal allowed the assessee's appeal by deleting the addition of Rs. 33,57,039/- as unexplained cash and upheld the CIT(A)'s deletion of Rs. 6,14,97,858/- added as excess stock. The revenue's appeal was dismissed, and the Tribunal found no basis for the penalty proceedings under Section 271AAB. The judgment emphasized the importance of considering the completeness of books and the valuation methods used during searches. Case-Laws Income Tax Tue, 15 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398642