https://www.taxtmi.com/caselaws?id=796250 Unaudited Tally-generated financial statements incorrectly added opening work-in-progress to closing work-in-progress in the balance sheet, creating an apparent discrepancy in stock-in-trade. The audited accounts reconciled the figures: the preceding year's closing work-in-progress was correctly carried forward as opening work-in-progress, while the relevant year's audited accounts reflected the correct closing balance. The notes state that, once this accounting treatment was recognised, no difference in work-in-progress remained and the proposed addition for alleged stock-in-trade discrepancy was unsustainable. en-us Wed, 20 May 2026 00:00:00 +0530 Mon, 03 Aug 2026 08:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796250 Unaudited Tally-generated financial statements incorrectly added opening work-in-progress to closing work-in-progress in the balance sheet, creating an apparent discrepancy in stock-in-trade. The audited accounts reconciled the figures: the preceding year's closing work-in-progress was correctly carried forward as opening work-in-progress, while the relevant year's audited accounts reflected the correct closing balance. The notes state that, once this accounting treatment was recognised, no difference in work-in-progress remained and the proposed addition for alleged stock-in-trade discrepancy was unsustainable. Case-Laws Income Tax Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796250