https://www.taxtmi.com/caselaws?id=424985 The ITAT partly allowed the appeal, rectifying the AO's error in including the closing balance of bank accounts in the total amount of closing stock of shares. The ITAT upheld the additions towards the value of closing stock of shares at the correct total amount, excluding the amount attributed to the closing balance of bank accounts. The appeal was partly allowed, and the order was pronounced in Chennai on the 1st day of July, 2022. en-us Fri, 01 Jul 2022 00:00:00 +0530 Wed, 13 Jul 2022 07:49:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424985 The ITAT partly allowed the appeal, rectifying the AO's error in including the closing balance of bank accounts in the total amount of closing stock of shares. The ITAT upheld the additions towards the value of closing stock of shares at the correct total amount, excluding the amount attributed to the closing balance of bank accounts. The appeal was partly allowed, and the order was pronounced in Chennai on the 1st day of July, 2022. Case-Laws Income Tax Fri, 01 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424985