ITAT Mumbai Rejects Reopening and Deletes Rs 12.83 Cr Capital Gains Addition The ITAT Mumbai did not agree with the revenue’s appeal. They supported the CIT(A)’s decision. They said that the Revenue was wrong to reopen the case under Sections 147 and 148. This was because they were using things that were already decided in…
ITAT Restricts Stock Addition to Rs. 19.46 Lakh; Survey Working Found Inflated The assessee, a jeweller trading as Sharada Jewellers, was subjected to survey on 02.08.2017. During the survey, physical stock of gold and silver jewellery was inventorised and compared with the book stock computed on provisional figures, as the return for AY 2017-18 had…
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