https://www.taxtmi.com/caselaws?id=237702 The court upheld the addition of Rs. 29.50 lakhs under section 69B of the Income Tax Act, rejecting the appellant's challenge based on discrepancies in stock valuation during a survey operation. Despite the appellant's contentions regarding a disputed undated letter and computer-generated stock statement, the court found the evidence presented insufficient to reconcile the stock differences adequately. Emphasizing the credibility of the stock valuation process, the court dismissed the appeal, ruling that the appellant failed to demonstrate any serious error in the stock valuation and did not provide sufficient evidence to support their claims. en-us Mon, 18 Mar 2013 00:00:00 +0530 Sat, 05 Oct 2013 08:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237702 The court upheld the addition of Rs. 29.50 lakhs under section 69B of the Income Tax Act, rejecting the appellant's challenge based on discrepancies in stock valuation during a survey operation. Despite the appellant's contentions regarding a disputed undated letter and computer-generated stock statement, the court found the evidence presented insufficient to reconcile the stock differences adequately. Emphasizing the credibility of the stock valuation process, the court dismissed the appeal, ruling that the appellant failed to demonstrate any serious error in the stock valuation and did not provide sufficient evidence to support their claims. Case-Laws Income Tax Mon, 18 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237702