https://www.taxtmi.com/caselaws?id=63386 The Tribunal partially allowed the appeal, upholding the addition of Rs. 1,68,410 as income from undisclosed sources. This decision was based on the substantial variance between the stock details provided to the bank and the actual stock recorded in the assessee's books, coupled with the unreliability of the stock registers and account books maintained by the assessee. The Tribunal found merit in the revenue's argument that the unexplained discrepancy indicated undisclosed stocks, supporting the Income Tax Officer's decision to include the amount in question as income from undisclosed sources. en-us Mon, 27 May 1985 00:00:00 +0530 Sat, 29 Jan 2011 16:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63386 The Tribunal partially allowed the appeal, upholding the addition of Rs. 1,68,410 as income from undisclosed sources. This decision was based on the substantial variance between the stock details provided to the bank and the actual stock recorded in the assessee's books, coupled with the unreliability of the stock registers and account books maintained by the assessee. The Tribunal found merit in the revenue's argument that the unexplained discrepancy indicated undisclosed stocks, supporting the Income Tax Officer's decision to include the amount in question as income from undisclosed sources. Case-Laws Income Tax Mon, 27 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63386