https://www.taxtmi.com/caselaws?id=56239 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal and ruling against the addition of Rs. 1,19,648. The Tribunal found no justification for the addition, considering the nature of hypothecation and the lack of physical verification by banks, affirming that the stock statements could not be taken as accurate representations of actual stock. en-us Thu, 26 Mar 1998 00:00:00 +0530 Thu, 02 Dec 2010 16:01:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56239 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal and ruling against the addition of Rs. 1,19,648. The Tribunal found no justification for the addition, considering the nature of hypothecation and the lack of physical verification by banks, affirming that the stock statements could not be taken as accurate representations of actual stock. Case-Laws Income Tax Thu, 26 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56239