https://www.taxtmi.com/caselaws?id=9094 The High Court affirmed the addition of Rs. 2,30,000 to the assessee's income, finding justification in discrepancies between stock declarations and books of account. The rejection of the books, treatment of excess stocks as undisclosed income, and burden of proof on the assessee were upheld. The court emphasized the need for accurate declarations to banks and the assessee's failure to prove the books' accuracy. The revenue prevailed, and costs were awarded against the assessee. en-us Fri, 30 Mar 1973 00:00:00 +0530 Fri, 19 Jun 2009 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9094 The High Court affirmed the addition of Rs. 2,30,000 to the assessee's income, finding justification in discrepancies between stock declarations and books of account. The rejection of the books, treatment of excess stocks as undisclosed income, and burden of proof on the assessee were upheld. The court emphasized the need for accurate declarations to banks and the assessee's failure to prove the books' accuracy. The revenue prevailed, and costs were awarded against the assessee. Case-Laws Income Tax Fri, 30 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9094