https://www.taxtmi.com/caselaws?id=176707 ITAT held that books were not properly maintained due to stock discrepancies found on survey, but additions cannot rest solely on survey statements without corroborative material. Only Rs.21.14 lakh, corresponding to excess stock physically verified, was satisfactorily correlated and treated as offered in the return. The remaining Rs.28.85 lakh, surrendered during survey, lacked any independent material linking it to undisclosed income and therefore could not be sustained. The tribunal upheld the appellate authority's deletion of the Rs.28.85 lakh addition and dismissed the revenue appeal. en-us Thu, 15 Jan 2009 00:00:00 +0530 Tue, 09 Sep 2025 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176707 ITAT held that books were not properly maintained due to stock discrepancies found on survey, but additions cannot rest solely on survey statements without corroborative material. Only Rs.21.14 lakh, corresponding to excess stock physically verified, was satisfactorily correlated and treated as offered in the return. The remaining Rs.28.85 lakh, surrendered during survey, lacked any independent material linking it to undisclosed income and therefore could not be sustained. The tribunal upheld the appellate authority's deletion of the Rs.28.85 lakh addition and dismissed the revenue appeal. Case-Laws Income Tax Thu, 15 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176707