https://www.taxtmi.com/caselaws?id=56713 The Tribunal found that the defects identified in the stock and production registers were adequately explained or rectified by the assessee. It concluded that the addition of Rs. 75,000 made by the CIT(A) was not justified, as the trading results declared by the assessee were deemed adequate and reasonable. Consequently, the assessee's appeal was allowed, and the addition of Rs. 75,000 was deleted, while the revenue's appeal was dismissed. en-us Thu, 16 Sep 1982 00:00:00 +0530 Mon, 06 Dec 2010 14:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56713 The Tribunal found that the defects identified in the stock and production registers were adequately explained or rectified by the assessee. It concluded that the addition of Rs. 75,000 made by the CIT(A) was not justified, as the trading results declared by the assessee were deemed adequate and reasonable. Consequently, the assessee's appeal was allowed, and the addition of Rs. 75,000 was deleted, while the revenue's appeal was dismissed. Case-Laws Income Tax Thu, 16 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56713