https://www.taxtmi.com/highlights?id=60429 Excess stock found during the search - A.O. has not held that there was any difference in quantity of stock as per valuation report and as per hooks of accounts. There can be no addition simply on the basis of valuation unless excess quantity of stock is found. If such addition is somehow made on account of said valuation of stock and sustained in assessment than credit of same has to be allowed in year end while computing profit at year end which has not been allowed - No additions - AT en-us Wed, 10 Nov 2021 07:02:01 +0530 Wed, 10 Nov 2021 07:02:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60429 Excess stock found during the search - A.O. has not held that there was any difference in quantity of stock as per valuation report and as per hooks of accounts. There can be no addition simply on the basis of valuation unless excess quantity of stock is found. If such addition is somehow made on account of said valuation of stock and sustained in assessment than credit of same has to be allowed in year end while computing profit at year end which has not been allowed - No additions - AT Highlights Income Tax Wed, 10 Nov 2021 07:02:01 +0530 https://www.taxtmi.com/highlights?id=60429