https://www.taxtmi.com/caselaws?id=424995 The Tribunal partially allowed the appeal, directing the AO to re-examine various issues with necessary verification. It emphasized the importance of tangible evidence and proper verification before making additions to the assessee's income. The Tribunal found discrepancies in the valuation of inventories, unaccounted stock, and expenses allocation, directing fresh scrutiny by the AO in line with legal provisions. en-us Fri, 08 Jul 2022 00:00:00 +0530 Wed, 13 Jul 2022 07:50:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424995 The Tribunal partially allowed the appeal, directing the AO to re-examine various issues with necessary verification. It emphasized the importance of tangible evidence and proper verification before making additions to the assessee's income. The Tribunal found discrepancies in the valuation of inventories, unaccounted stock, and expenses allocation, directing fresh scrutiny by the AO in line with legal provisions. Case-Laws Income Tax Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424995