https://www.taxtmi.com/caselaws?id=471789 Alleged excess stock cannot be treated as unexplained investment where a survey-based tentative trading account omits direct manufacturing expenses, salary and wages already recorded in the books. A corrected trading account incorporating those undisputed expenses may eliminate the apparent stock difference. In the absence of documentary evidence of excess stock, disputed purchases, or other adverse material, an addition cannot rest solely on a director's erroneous admission based on an incomplete account. The alleged excess stock was therefore not assessable under Section 69B or taxable under Section 115BBE. en-us Wed, 09 Apr 2025 00:00:00 +0530 Thu, 17 Sep 2026 18:59:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471789 Alleged excess stock cannot be treated as unexplained investment where a survey-based tentative trading account omits direct manufacturing expenses, salary and wages already recorded in the books. A corrected trading account incorporating those undisputed expenses may eliminate the apparent stock difference. In the absence of documentary evidence of excess stock, disputed purchases, or other adverse material, an addition cannot rest solely on a director's erroneous admission based on an incomplete account. The alleged excess stock was therefore not assessable under Section 69B or taxable under Section 115BBE. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471789