Wednesday, 4 June 2014

No question of law involved as ITAT deleted additions for variation in stock due to error in weighin

IT : Where pursuant to search proceedings, Assessing Officer made certain addition to assessee's income on account of difference between stock of gold and silver jewellery actually found from business premises and stock as per books of account, in view of fact that Tribunal on basis of material available on record deleted a part of said addition on account of customers re-modelled jewellery items and error found in weighing scales, no substantial question of law arose from said order of Tribunal


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