https://www.taxtmi.com/highlights?id=102316 Audited financial statements were treated as the reliable basis for determining closing work-in-progress where unaudited tally-generated data showed a difference caused by adding, rather than excluding, opening work-in-progress. As the audited accounts correctly reflected the brought-forward opening balance and the relevant year's closing work-in-progress, no discrepancy remained to support an addition based solely on unaudited data. The discussion states that the addition for the alleged difference in closing work-in-progress, as well as the stock-in-trade difference, was deleted. en-us Mon, 03 Aug 2026 08:20:38 +0530 Mon, 03 Aug 2026 08:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102316 Audited financial statements were treated as the reliable basis for determining closing work-in-progress where unaudited tally-generated data showed a difference caused by adding, rather than excluding, opening work-in-progress. As the audited accounts correctly reflected the brought-forward opening balance and the relevant year's closing work-in-progress, no discrepancy remained to support an addition based solely on unaudited data. The discussion states that the addition for the alleged difference in closing work-in-progress, as well as the stock-in-trade difference, was deleted. Highlights Income Tax Mon, 03 Aug 2026 08:20:38 +0530 https://www.taxtmi.com/highlights?id=102316