2019 (8) TMI 302

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..... llant : Mr. Akshay Bhan, Senior Advocate with Mr. Alok Mittal, Advocate And Mr. Rajesh Katoch, Senior Standing counsel with Ms. Pridhi Jaswinder Sandhu, Junior Standing Counsel for the Income Tax Department in ITR No. 224 and 225 of 1995 and for the appellants in ITR No. 226 and 227 of 1995 For The Respondents : ITR No. 224 and 225 of 1995 and ITR No. 226 and 227 of 1995 ORDER AJAY TEWARI, J ( .....

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..... he circumstances of the case, the Tribunal is right in upholding the addition of Rs. 88,479/- on account of alleged suppression of the value of closing stock and the said addition is legally sustainable in view of the constantly followed and accepted method of accounting to value the closing stock in the past? 2. Whether on the facts and in the circumstances of the case, the Tribunal is right i .....

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..... of their actual received? 10. The primary contention of the counsel for the assessee is that in any case the conclusion of these references would be revenue neutral because during the pendency of the matter before the Tribunal the tax stood paid. 11. Counsel for the respondent states that though he is not doubting the correctness of the statement, he is not in a position to corroborate it eith .....

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