VENUS INDUSTRIES,KODUNGALLUR vs. ACIT, CIRCLE 2(1), THRISSUR
In the result, appeal filed by the assessee is partly allowed
ITA 401/COCH/2025[2017-18]Status: DisposedITAT Cochin30 Jun 2025AY 2017-18
Bench: Shri Inturi Rama Rao, Am & Sonjoy Sarma, Jm
For Appellant: Shri Binisha Baby, AdvocateFor Respondent: Smt. Leena Lal, Sr. D.R
Section 144Section 250Section 270ASection 68
8. It is submitted that the lower authorities fell in error in making addition on account of difference in valuation of closing stock of Rs. 4,05,303/- and addition of loss of Rs. 33,90,756/- for failure of the assessee to satisfy the ingredients of section 68 of the Act. Therefore, it is submitted that the appellant
