1984 (12) TMI 77 - AT - Income Tax

Summary

The assessee deals in diesel, motor oil, and motor spirit in the Head Office account. The ITO made additions in the Head Office and Branch accounts, which were later deleted by the AAC. The department appealed, arguing for further additions, but the Tribunal upheld the AAC's decision, stating that the trading result should be accepted as no defects were found in stock register or sales. The appeal was dismissed.