https://www.taxtmi.com/caselaws?id=424882 The Revenue's appeal challenging the deletion of additions made by the AO regarding the recasted value of closing stock was partially allowed, remanding the issue back to the AO for verification. The CIT(A)'s deletion of addition on notional interest was upheld by the Tribunal. The assessee's claim that the assessment order was barred by limitation was dismissed, confirming the order was within the prescribed period. en-us Fri, 08 Jul 2022 00:00:00 +0530 Mon, 11 Jul 2022 09:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424882 The Revenue's appeal challenging the deletion of additions made by the AO regarding the recasted value of closing stock was partially allowed, remanding the issue back to the AO for verification. The CIT(A)'s deletion of addition on notional interest was upheld by the Tribunal. The assessee's claim that the assessment order was barred by limitation was dismissed, confirming the order was within the prescribed period. Case-Laws Income Tax Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424882