https://www.taxtmi.com/caselaws?id=443971 The Tribunal allowed the appeal, setting aside the Commissioner of Income Tax (Appeals)-18's order. It directed the Assessing Officer to assess the excess stock under "income from business" as declared by the assessee. The Tribunal emphasized the importance of considering the assessee's explanation and following the jurisdictional High Court's decisions. en-us Thu, 31 Aug 2023 00:00:00 +0530 Fri, 06 Oct 2023 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443971 The Tribunal allowed the appeal, setting aside the Commissioner of Income Tax (Appeals)-18's order. It directed the Assessing Officer to assess the excess stock under "income from business" as declared by the assessee. The Tribunal emphasized the importance of considering the assessee's explanation and following the jurisdictional High Court's decisions. Case-Laws Income Tax Thu, 31 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443971