2003 (5) TMI 6

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....ned order of the Tribunal: "Whether, the Income-tax Appellate Tribunal was justified in having restored an addition of Rs. 1,00,000 on account of undisclosed stocks etc., on a purely ad hoc basis without assigning any rhyme, reason or basis for the same? Whether the Income-tax Appellate Tribunal was justified in having interfered with the order of the Commissioner of Income-tax (Appeals) dated J....

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....fference in the excise register and stock register due to the excess raw material found, which was in the process of manufacturing. As no such stock register was produced during the search, the Assessing Officer added the value of stock, which comes to Rs. 2,35,953. The Commissioner of Income-tax has deleted this amount accepting the figures given in the stock register. In appeal before the Trib....