https://www.taxtmi.com/caselaws?id=430398 The Tribunal partially allowed the appeal by deleting the addition for undisclosed sale of scrap but dismissed the additional ground related to the addition of undisclosed stock. The Tribunal found that the amount in question was not undisclosed but regularly recorded in the books of account, leading to the error in the addition made by the Assessing Officer. The issue of imposition of tax twice on a single transaction was not extensively addressed in the judgment. en-us Tue, 15 Nov 2022 00:00:00 +0530 Thu, 17 Nov 2022 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430398 The Tribunal partially allowed the appeal by deleting the addition for undisclosed sale of scrap but dismissed the additional ground related to the addition of undisclosed stock. The Tribunal found that the amount in question was not undisclosed but regularly recorded in the books of account, leading to the error in the addition made by the Assessing Officer. The issue of imposition of tax twice on a single transaction was not extensively addressed in the judgment. Case-Laws Income Tax Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430398