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2015 (2) TMI 633 - HC - Income TaxDifference of stock - amount of closing stock differ in the books and as per the statement given to the bankers - unaccounted fabrication work - Held that:- The Assessing Officer and the Commissioner of Income-tax (Appeals) had discussed the material on record in detail and had come to the conclusion that there was difference of stock amounting to ₹ 28,73,640 as per the books of account of the assessee and as shown in the inflated stock statement given to the bank. The Tribunal affirmed the aforesaid findings. Similarly, the addition made by the Assessing Officer of ₹ 5,20,889 due to unaccounted fabrication work was affirmed by the Commissioner of Income-tax (Appeals) and the Tribunal. Learned counsel for the appellant has not been able to point out any illegality or perversity in the findings recorded by the Tribunal while affirming the findings recorded by the Assessing Officer and the Commissioner of Income-tax (Appeals). - Decided against assessee.
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