https://www.taxtmi.com/highlights?id=51944 In the case of shortage of stock a valid presumptions would be that the stock has been sold outside the books of accounts - the only addition that can be made is that of gross profit on estimate basis - Since the stock was accounted for in the books of account accordingly there can be no addition on account of unexplained investments - AT en-us Sat, 22 Feb 2020 18:03:31 +0530 Sat, 22 Feb 2020 18:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51944 In the case of shortage of stock a valid presumptions would be that the stock has been sold outside the books of accounts - the only addition that can be made is that of gross profit on estimate basis - Since the stock was accounted for in the books of account accordingly there can be no addition on account of unexplained investments - AT Highlights Income Tax Sat, 22 Feb 2020 18:03:31 +0530 https://www.taxtmi.com/highlights?id=51944