https://www.taxtmi.com/caselaws?id=68881 Minor turnover additions based on alleged stock-record defects, inter-branch transfer discrepancies, checkpost declarations and gross profit variation were held unsustainable where the assessee had reconciled most differences and given plausible explanations for the rest. The accounts were not shown to be materially unreliable, the stock records were not properly examined, and the gross profit fluctuation was not abnormal on the material available. As the surviving discrepancies were only minor and the estimated additions were nominal against the scale of turnover, the additions were deleted in favour of the assessee. en-us Fri, 14 May 1976 00:00:00 +0530 Sat, 02 Apr 2011 12:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68881 Minor turnover additions based on alleged stock-record defects, inter-branch transfer discrepancies, checkpost declarations and gross profit variation were held unsustainable where the assessee had reconciled most differences and given plausible explanations for the rest. The accounts were not shown to be materially unreliable, the stock records were not properly examined, and the gross profit fluctuation was not abnormal on the material available. As the surviving discrepancies were only minor and the estimated additions were nominal against the scale of turnover, the additions were deleted in favour of the assessee. Case-Laws Income Tax Fri, 14 May 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68881