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2018 (10) TMI 1744 - GUJARAT HIGH COURTAddition on account of discrepancy in the stock, as per the books of account of the assessee and that shown in the bank statements - HELD THAT:- Sole ground for making the addition was difference between the accounts maintained by the assessee and the stock statement filed with the Bank. It was noted that the stock statements filed with the Bank pertain to the months of April to August, whereas, the survey took place in the month of September. It was also noticed that the tendency to show higher value in the bank statements to enjoy higher cash credit limit. The entire issue is thus based on facts duly appreciated by the CIT [A] and the Tribunal. No question of law arises. Addition on the strength of entries made in the diaries seized during the survey operation - HELD THAT:- CIT [A] and the Tribunal concurrently held that these entries pertain to one Shri Rajesh P Patel and not the assessee. The said Rajesh P Patel had also confirmed this during his examination. He had also filed an affidavit in support thereof. Such being the position, no question of law arises.
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