https://www.taxtmi.com/caselaws?id=418789 The High Court affirmed the addition of undisclosed income under section 69B of the Income Tax Act due to discrepancies in stock valuation between the bank statement and audit report. The Court emphasized the assessee's responsibility to reconcile such differences and provide evidence to explain the discrepancies. The judgment underscores the importance of accurate reporting and the consequences of failing to provide satisfactory explanations for discrepancies in stock positions, ultimately upholding the addition of undisclosed income and dismissing the appeal. en-us Fri, 18 Feb 2022 00:00:00 +0530 Wed, 08 Apr 2026 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418789 The High Court affirmed the addition of undisclosed income under section 69B of the Income Tax Act due to discrepancies in stock valuation between the bank statement and audit report. The Court emphasized the assessee's responsibility to reconcile such differences and provide evidence to explain the discrepancies. The judgment underscores the importance of accurate reporting and the consequences of failing to provide satisfactory explanations for discrepancies in stock positions, ultimately upholding the addition of undisclosed income and dismissing the appeal. Case-Laws Income Tax Fri, 18 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418789