2026 (5) TMI 1831

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Mrs. Alka Gautam ORDER Per Sanjay Garg, Judicial Member: The present appeal has been preferred by the Revenue against the order of Ld. Commissioner of Income Tax (Appeals) (hereinafter referred to as "Ld. CIT(A)") dated 11.12.2024, passed u/s 250 of the Income Tax Act,1961 (hereinafter referred to as "the Act"). 2. The Revenue in this appeal is aggrieved by the action of Ld. CIT(A) in ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....In appeal, the Ld. CIT(A), vide a detailed order, deleted the penalty levied by the Assessing Officer, holding that there was no discrepancy in the quantity of stock found during the course of the search and that the dispute pertained solely to the valuation of the stock by the departmental valuer. The Ld. CIT(A) has relied upon various judgments, including the judgment of the Coordinate Bench of ....