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2016 (5) TMI 622 - AT - Income TaxUndisclosed stock found during survey u/s 133A - Held that:- We find that the stock difference is duly explained by the assessee by offering the sum of ₹ 1.80 crores in Asst Year 2008-09 which would offset all the discrepancies found during the course of survey and there is no scope for making further addition towards discrepancies in stock of jewelleries either in Asst Year 2007-08 or in Asst Year 2008-09. Hence we hold that the Learned CIT(A) had rightly deleted the addition made by the Learned AO. - Decided against revenue
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