https://www.taxtmi.com/caselaws?id=399265 The appeal against the CIT(A) order for Assessment Year 2014-15, challenging the addition of profit from an undisclosed sale, was successful. The Tribunal criticized the CIT(A) for directing the Assessing Officer to make an addition based on the difference in stock without proper justification. The assessee's explanation regarding the stock outside designated premises was accepted, and the addition of Rs. 10,66,350 was set aside. The importance of considering all relevant material during assessments to uphold natural justice was emphasized. en-us Fri, 28 Aug 2020 00:00:00 +0530 Wed, 07 Oct 2020 11:33:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399265 The appeal against the CIT(A) order for Assessment Year 2014-15, challenging the addition of profit from an undisclosed sale, was successful. The Tribunal criticized the CIT(A) for directing the Assessing Officer to make an addition based on the difference in stock without proper justification. The assessee's explanation regarding the stock outside designated premises was accepted, and the addition of Rs. 10,66,350 was set aside. The importance of considering all relevant material during assessments to uphold natural justice was emphasized. Case-Laws Income Tax Fri, 28 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399265