https://www.taxtmi.com/caselaws?id=18503 A survey revealed a stock discrepancy between the books and the physical stock, and the assessee's explanation that the shortage was lying at a branch office was rejected. On those facts, the authorities inferred that the unexplained difference represented unrecorded sales, and no legal error was shown in that inference. The High Court held that no referable question of law arose under section 256(2) of the Income-tax Act, 1961, and the application was rejected. en-us Wed, 17 Jan 1996 00:00:00 +0530 Thu, 01 Oct 2009 13:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18503 A survey revealed a stock discrepancy between the books and the physical stock, and the assessee's explanation that the shortage was lying at a branch office was rejected. On those facts, the authorities inferred that the unexplained difference represented unrecorded sales, and no legal error was shown in that inference. The High Court held that no referable question of law arose under section 256(2) of the Income-tax Act, 1961, and the application was rejected. Case-Laws Income Tax Wed, 17 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18503