https://www.taxtmi.com/caselaws?id=419803 The ITAT Kolkata allowed the appeal, directing the AO to delete additions totaling Rs. 22,62,597 for stock discrepancy and Rs. 1,23,067 for suppressed sales. The tribunal found the additions were unjustified as they were made on an estimated basis without proper justification or rejection of the books of accounts. The ITAT emphasized the necessity of concrete evidence in assessments and rejected additions lacking sufficient support or defects in the books of accounts. en-us Fri, 11 Mar 2022 00:00:00 +0530 Mon, 21 Mar 2022 08:15:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419803 The ITAT Kolkata allowed the appeal, directing the AO to delete additions totaling Rs. 22,62,597 for stock discrepancy and Rs. 1,23,067 for suppressed sales. The tribunal found the additions were unjustified as they were made on an estimated basis without proper justification or rejection of the books of accounts. The ITAT emphasized the necessity of concrete evidence in assessments and rejected additions lacking sufficient support or defects in the books of accounts. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419803