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2018 (10) TMI 1745 - HC - Income TaxAddition due to discrepancy found in stock statements - non considering the evidences in form of stock statements which were submitted by the assessee to his banker, Punjab National Bank - Tribunal deleted the addition - HELD THAT:- As decided in [2018 (10) TMI 1744 - GUJARAT HIGH COURT] 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.
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