https://www.taxtmi.com/caselaws?id=423113 The appeal was dismissed regarding the addition of excess stock amounting to Rs. 8,43,230/- due to lack of evidence supporting the assessee's claims. The tribunal upheld the decision of the authorities below, emphasizing the importance of providing substantial evidence to justify retractions or claims made during tax assessments. The addition of Rs. 4,00,100/- on account of excess cash was not pressed by the assessee during the appeal, leading to its dismissal as 'not pressed.' en-us Fri, 06 May 2022 00:00:00 +0530 Sun, 29 May 2022 22:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423113 The appeal was dismissed regarding the addition of excess stock amounting to Rs. 8,43,230/- due to lack of evidence supporting the assessee's claims. The tribunal upheld the decision of the authorities below, emphasizing the importance of providing substantial evidence to justify retractions or claims made during tax assessments. The addition of Rs. 4,00,100/- on account of excess cash was not pressed by the assessee during the appeal, leading to its dismissal as 'not pressed.' Case-Laws Income Tax Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423113