https://www.taxtmi.com/caselaws?id=61185 The Appellate Tribunal partially allowed the appeal, directing a reduction in the loss amount to Rs. 27,196 for M/s. Cool Home Centre. The Tribunal considered discrepancies in stock values, fan numbers, and double entries, acknowledging distress sales and partnership disputes. While recognizing certain factors like reduced fan prices and business challenges, unexplained discrepancies in accounts required clarification. Consequently, the Tribunal adjusted the loss amount based on reconciling these discrepancies, emphasizing the importance of accurate accounting practices in determining trading results. en-us Mon, 24 May 1982 00:00:00 +0530 Tue, 11 Jan 2011 12:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61185 The Appellate Tribunal partially allowed the appeal, directing a reduction in the loss amount to Rs. 27,196 for M/s. Cool Home Centre. The Tribunal considered discrepancies in stock values, fan numbers, and double entries, acknowledging distress sales and partnership disputes. While recognizing certain factors like reduced fan prices and business challenges, unexplained discrepancies in accounts required clarification. Consequently, the Tribunal adjusted the loss amount based on reconciling these discrepancies, emphasizing the importance of accurate accounting practices in determining trading results. Case-Laws Income Tax Mon, 24 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61185