https://www.taxtmi.com/caselaws?id=767785 The HC upheld the addition of Rs. 57,41,353/- to the petitioner's income due to stock discrepancies revealed during a survey, as the petitioner admitted to unaccounted sales. The Court found the Revisional Authority's dismissal of the revision petition under Section 264 of the Income Tax Act justified, citing the petitioner's failure to provide a satisfactory explanation. Furthermore, the HC dismissed the writ petition under Article 226/227, emphasizing the limited scope of writ jurisdiction and the absence of procedural or jurisdictional errors by the Revisional Authority. en-us Wed, 19 Mar 2025 00:00:00 +0530 Tue, 25 Mar 2025 08:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767785 The HC upheld the addition of Rs. 57,41,353/- to the petitioner's income due to stock discrepancies revealed during a survey, as the petitioner admitted to unaccounted sales. The Court found the Revisional Authority's dismissal of the revision petition under Section 264 of the Income Tax Act justified, citing the petitioner's failure to provide a satisfactory explanation. Furthermore, the HC dismissed the writ petition under Article 226/227, emphasizing the limited scope of writ jurisdiction and the absence of procedural or jurisdictional errors by the Revisional Authority. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767785