1993 (8) TMI 133 - AT - Income Tax

Summary

The Appellate Tribunal in Indore dismissed the appeal by the revenue against the CIT(A) order deleting additions of Rs. 2,29,028 made to the income of the assessee-firm M/s. Jewells Emporium for the assessment year 1986-87. The CIT(A) found the survey operation conducted by an Inspector of Income-tax to be illegal and beyond his powers, leading to the deletion of the additions. The Tribunal observed that making additions under section 69B for stock discrepancies was not appropriate.