https://www.taxtmi.com/caselaws?id=789194 An alleged stock discrepancy under section 69B cannot be resolved without verifying the assessee's claim that the difference arose from melting loss in the conversion of old jewellery into refined gold. The documentary support, including vouchers, refinery receipts and related records, must be examined to determine whether the reduction in weight reflects a genuine business loss or unexplained investment. Where the existing record does not satisfactorily establish the claimed melting loss, the matter requires fresh factual verification by the Assessing Officer, with further evidence to be produced by the assessee. The substantive tax issue therefore remains open for reconsideration. en-us Wed, 01 Apr 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789194 An alleged stock discrepancy under section 69B cannot be resolved without verifying the assessee's claim that the difference arose from melting loss in the conversion of old jewellery into refined gold. The documentary support, including vouchers, refinery receipts and related records, must be examined to determine whether the reduction in weight reflects a genuine business loss or unexplained investment. Where the existing record does not satisfactorily establish the claimed melting loss, the matter requires fresh factual verification by the Assessing Officer, with further evidence to be produced by the assessee. The substantive tax issue therefore remains open for reconsideration. Case-Laws Income Tax Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789194