https://www.taxtmi.com/caselaws?id=417160 The Tribunal partially allowed the appeal, deleting the addition concerning the retrieval of stock and directing the proper valuation of closing stock. However, the addition related to the cessation of liability was upheld, subject to verification by the AO. The decision was confirmed, dismissing the assessee's appeal on the liability cessation issue. The order was pronounced on 29th November 2021. en-us Mon, 29 Nov 2021 00:00:00 +0530 Mon, 17 Jan 2022 08:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417160 The Tribunal partially allowed the appeal, deleting the addition concerning the retrieval of stock and directing the proper valuation of closing stock. However, the addition related to the cessation of liability was upheld, subject to verification by the AO. The decision was confirmed, dismissing the assessee's appeal on the liability cessation issue. The order was pronounced on 29th November 2021. Case-Laws Income Tax Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417160