https://www.taxtmi.com/caselaws?id=408034 The Tribunal upheld the CIT (A)'s decision to delete the addition of Rs. 51,051,656 made by the Assessing Officer, dismissing the appeal and emphasizing the principle of consistency in accepting the opening stock as genuine based on past assessments and legal precedents. The Tribunal found the Assessing Officer's addition as unexplained income unsustainable, citing factual inconsistencies and similarities to a Delhi High Court decision. en-us Thu, 27 May 2021 00:00:00 +0530 Sat, 29 May 2021 08:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408034 The Tribunal upheld the CIT (A)'s decision to delete the addition of Rs. 51,051,656 made by the Assessing Officer, dismissing the appeal and emphasizing the principle of consistency in accepting the opening stock as genuine based on past assessments and legal precedents. The Tribunal found the Assessing Officer's addition as unexplained income unsustainable, citing factual inconsistencies and similarities to a Delhi High Court decision. Case-Laws Income Tax Thu, 27 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408034