https://www.taxtmi.com/caselaws?id=412345 The Tribunal upheld the CIT(A)'s decisions in a case involving alleged undisclosed closing stock and disallowance under Section 40(a)(ia) of the Income Tax Act. The Tribunal found that the CIT(A) appropriately considered the evidence and explanations provided by the assessee, leading to the deletion of the addition related to closing stock and the restriction of disallowance under Section 40(a)(ia). The revenue's appeal was dismissed as the CIT(A)'s orders were upheld. en-us Wed, 08 Sep 2021 00:00:00 +0530 Thu, 16 Sep 2021 09:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412345 The Tribunal upheld the CIT(A)'s decisions in a case involving alleged undisclosed closing stock and disallowance under Section 40(a)(ia) of the Income Tax Act. The Tribunal found that the CIT(A) appropriately considered the evidence and explanations provided by the assessee, leading to the deletion of the addition related to closing stock and the restriction of disallowance under Section 40(a)(ia). The revenue's appeal was dismissed as the CIT(A)'s orders were upheld. Case-Laws Income Tax Wed, 08 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412345