https://www.taxtmi.com/caselaws?id=71032 The court upheld the addition of Rs. 4,69,380 as undisclosed income, ruling against the assessee's appeal. Despite a dissenting opinion highlighting irregularities in the weighment process and lack of proper documentation, the majority found the discrepancy in sponge iron stock to be established. The court determined that the weighment was valid, conducted in the presence of witnesses, and identified the seized stocks accurately, leading to the application of section 69A. en-us Mon, 10 Nov 2003 00:00:00 +0530 Thu, 21 Apr 2011 10:21:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71032 The court upheld the addition of Rs. 4,69,380 as undisclosed income, ruling against the assessee's appeal. Despite a dissenting opinion highlighting irregularities in the weighment process and lack of proper documentation, the majority found the discrepancy in sponge iron stock to be established. The court determined that the weighment was valid, conducted in the presence of witnesses, and identified the seized stocks accurately, leading to the application of section 69A. Case-Laws Income Tax Mon, 10 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71032