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2015 (3) TMI 891 - HC - Income TaxDifference in value of closing stock - difference reckoned on the basis of the value determined by the bank and the value disclosed by the books of account as furnished to the commercial taxes department - Tribunal deleted the addition - Held that:- This Court is not inclined to entertain this appeal on the question of law raised at this point of time in view of the subsequent decision of this Court, which is also on the same issue, rendered in the case of Commissioner of Income Tax Vs Smt. Sakuntala Devi Khetan (2013 (3) TMI 270 - MADRAS HIGH COURT), wherein it has been clearly held that the Assessing Officer has to adopt the figures and turnover finally assessed by the sales tax authorities. Similar issue was also considered in the case of CIT Vs - Anandha Metal Corporation (2004 (7) TMI 49 - MADRAS High Court ), and held in favour of the assessee, which decision has been followed by the Tribunal in assessee's own case for the earlier year, wherein the matter was remanded back. - Decided against revenue.
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