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2010 (7) TMI 627 - ITAT, DELHIAddition - Survey u/s 133A - Held that: it is clear from the assessment order itself that this firm M/s. Vishal Jewellers stood dissolved with effect from 6-5-2004, and the closing stock as on 6-5-2004 was taken over by the company, M/s. Vishal Gold and Precious Stones Ltd - It is also not in dispute that the survey under section 133A was conducted on 24-2-2005 at the business premises certainly belonging to M/s. Vishal Gold and Precious Stones (P.) Ltd., as the present firm was not existing at that point of time - Therefore, any discrepancy in the stock can be considered in the hands of the company, but not in the hands of the present firm - Decided in favour of assessee.
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