ITAT Deletes Rs 76.98 Lakh Tax Addition Over Alleged Diamond Stock Shortage:
ITAT Chennai deleted a Rs 76.98 lakh tax addition after finding that the alleged 46.29-carat diamond stock shortage arose from an incorrect stock reconciliation by the AO.
Diamond Stock Shortage Addition Deleted by ITAT
Vanshika verma
Jul 25, 2026
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ITAT Deletes Rs 76.98 Lakh Tax Addition Over Alleged Diamond Stock Shortage
ITAT Chennai deleted a Rs 76.98 lakh tax addition after finding that the alleged 46.29-carat diamond stock shortage arose from an incorrect stock reconciliation by the AO.
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Vanshika verma
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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
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