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2019 (1) TMI 1051 - AT - Income TaxAddition as undisclosed sales - Held that:- CIT(A) in his order has given a factual finding that the assessee has an opening stock of ₹ 93,41,400/-, as on 01/04/2007 and this was disclosed under the head “owned stock” in the balance sheet filed along with the income tax return for the Assessment Year 2007-08. What was sold by the assessee during the year was from this opening stock. D/R could not controvert these factual findings of the CIT(A). CIT(A) held that the Assessing Officer’s finding in the remand report as well as in the assessment order were perverse and against the facts of the case. We find no infirmity in such findings. Thus we dismiss all these grounds of the revenue.
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