https://www.taxtmi.com/caselaws?id=443411 The Tribunal allowed the appeal of the assessee, directing the deletion of the addition made by the AO regarding alleged excess stock-in-trade based on a discrepancy found during a survey at the business premises. The Tribunal considered the assessee's explanations, including the estimation made under pressure during the survey, and the lack of physical verification due to disruptions. The Tribunal concluded that the addition of excess stock was not justified, distinguishing the case from precedents cited by the Revenue. en-us Tue, 12 Sep 2023 00:00:00 +0530 Sat, 23 Sep 2023 08:34:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443411 The Tribunal allowed the appeal of the assessee, directing the deletion of the addition made by the AO regarding alleged excess stock-in-trade based on a discrepancy found during a survey at the business premises. The Tribunal considered the assessee's explanations, including the estimation made under pressure during the survey, and the lack of physical verification due to disruptions. The Tribunal concluded that the addition of excess stock was not justified, distinguishing the case from precedents cited by the Revenue. Case-Laws Income Tax Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443411