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2009 (11) TMI 105 - HC - Income Tax“Whether, on the facts and circumstances of the case, learned Tribunal was justified in upholding the order of the learned Commissioner of income-tax (Appeals) deleting the addition made by the Assessing Officer on account of excess stock found during the course of survey under section 133A ?” – The explanation offered by the assessee with respect to excess stock found during the survey proceedings that the same were purchased by him from two dealers, however, the same could not be entered into the stock register as the son of the assessee, who looks after the assessee’s business, was out of station in connection with treatment of his mother, was accepted by both the appellate forums as valid explanation. Held that acceptance of explanation offered by the assessee is a finding of fact and the same does not give rise to any substantial question of law, we dismiss this appeal as no substantial question of law is involved in this appeal for adjudication.
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