https://www.taxtmi.com/caselaws?id=34648 The High Court upheld the decisions of the lower authorities in favor of the assessee on both issues. The deletion of the addition due to a discrepancy in accounts was supported, as the explanation provided was deemed satisfactory. Additionally, the valuation method for stock reduction was accepted, with the court finding the explanation for losses incurred on sales reasonable and supported by evidence. No substantial question of law was found in either issue, leading to the dismissal of the appeal. en-us Wed, 05 Dec 2007 00:00:00 +0530 Sat, 17 Sep 2011 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34648 The High Court upheld the decisions of the lower authorities in favor of the assessee on both issues. The deletion of the addition due to a discrepancy in accounts was supported, as the explanation provided was deemed satisfactory. Additionally, the valuation method for stock reduction was accepted, with the court finding the explanation for losses incurred on sales reasonable and supported by evidence. No substantial question of law was found in either issue, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 05 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34648