Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Addition for sale of sarki khalli - as alleged assessee has not having any such stock - Goods were received 10 days prior from 17.2.2010 by Poonam Road Lines. So the assessee had stock of sarki khalli as on 17.2.2010 but since the bill was entered on 27.2.2010 there was a negative stock appearing in the quantitative details. The negative stock appeared since the Accountant entered the stock on 28.2.2010. Has it been made on 27.2.2010 there would have been no negative stock. This fact is discernable from the paper book. Thus in our considered view this is not a discrepancy and no addition was called for on account of sales without stock in hand. - AT
Addition for sale of sarki khalli - as alleged assessee has not having any such stock - Goods were received 10 days prior from 17.2.2010 by Poonam Road Lines. So the assessee had stock of sarki khalli as on 17.2.2010 but since the bill was entered on 27.2.2010 there was a negative stock appearing in the quantitative details. The negative stock appeared since the Accountant entered the stock on 28.2.2010. Has it been made on 27.2.2010 there would have been no negative stock. This fact is discernable from the paper book. Thus in our considered view this is not a discrepancy and no addition was called for on account of sales without stock in hand. - AT
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