https://www.taxtmi.com/caselaws?id=421831 The Income Tax Appellate Tribunal (ITAT) partly allowed the appeal. It vacated the addition of Rs. 39,10,932/- for the alleged suppression of closing stock but upheld the addition of Rs. 6,00,000/- under Section 69A for unexplained cash deposits. The ITAT found that the Assessing Officer had failed to provide evidence against the revised stock statement and dismissed the addition related to suppression of closing stock. The decision was pronounced on 21.03.2022. en-us Mon, 21 Mar 2022 00:00:00 +0530 Tue, 03 May 2022 08:22:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421831 The Income Tax Appellate Tribunal (ITAT) partly allowed the appeal. It vacated the addition of Rs. 39,10,932/- for the alleged suppression of closing stock but upheld the addition of Rs. 6,00,000/- under Section 69A for unexplained cash deposits. The ITAT found that the Assessing Officer had failed to provide evidence against the revised stock statement and dismissed the addition related to suppression of closing stock. The decision was pronounced on 21.03.2022. Case-Laws Income Tax Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421831