https://www.taxtmi.com/caselaws?id=61128 The Appellate Tribunal vacated the addition of Rs. 81,142 made by the ITO, allowing the appeal in favor of the assessee. The discrepancies in stock valuation for consecutive assessment years raised doubts about the accuracy of the revenue authorities' assessments. The Tribunal found fault in the assessment process and concluded that the nature of the transaction between the assessee and the bank was a case of pledge based on the interpretation of the terms "pledge" and "hypothecation." en-us Thu, 29 Oct 1981 00:00:00 +0530 Tue, 11 Jan 2011 10:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61128 The Appellate Tribunal vacated the addition of Rs. 81,142 made by the ITO, allowing the appeal in favor of the assessee. The discrepancies in stock valuation for consecutive assessment years raised doubts about the accuracy of the revenue authorities' assessments. The Tribunal found fault in the assessment process and concluded that the nature of the transaction between the assessee and the bank was a case of pledge based on the interpretation of the terms "pledge" and "hypothecation." Case-Laws Income Tax Thu, 29 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61128