https://www.taxtmi.com/caselaws?id=57650 The Tribunal upheld the CIT(A)'s decision to delete the addition of unaccounted stock of fabrics found at the assessee's premises. The Tribunal found the appellants' explanations satisfactory, noting that the fabrics were purchased on 'approval basis' and payments to weavers were accounted for. Emphasizing the common trade practice and lack of evidence from the AO, the Tribunal dismissed the appeal, affirming the deletion of additions made by the AO regarding the unaccounted stock of fabrics. en-us Fri, 29 Sep 2000 00:00:00 +0530 Sat, 11 Dec 2010 13:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57650 The Tribunal upheld the CIT(A)'s decision to delete the addition of unaccounted stock of fabrics found at the assessee's premises. The Tribunal found the appellants' explanations satisfactory, noting that the fabrics were purchased on 'approval basis' and payments to weavers were accounted for. Emphasizing the common trade practice and lack of evidence from the AO, the Tribunal dismissed the appeal, affirming the deletion of additions made by the AO regarding the unaccounted stock of fabrics. Case-Laws Income Tax Fri, 29 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57650