https://www.taxtmi.com/caselaws?id=468782 Excess stock cannot be treated as unexplained income under Section 69A where the assessee reconciles the discrepancy with contemporaneous purchase invoices, advance and payment records, and supporting GST data. The record showed that two purchase transactions were entered in the books but omitted from the stock register, which explained the apparent difference between physical and book stock. On that basis, the stock discrepancy was accepted as reconciled and the addition was held unsustainable. The assessee accordingly succeeded on the issue. en-us Tue, 11 Feb 2025 00:00:00 +0530 Wed, 20 May 2026 19:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468782 Excess stock cannot be treated as unexplained income under Section 69A where the assessee reconciles the discrepancy with contemporaneous purchase invoices, advance and payment records, and supporting GST data. The record showed that two purchase transactions were entered in the books but omitted from the stock register, which explained the apparent difference between physical and book stock. On that basis, the stock discrepancy was accepted as reconciled and the addition was held unsustainable. The assessee accordingly succeeded on the issue. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468782