https://www.taxtmi.com/caselaws?id=802389 An unexplained-stock addition is not justified solely by the absence of a stock register where financial statements without identified infirmities sufficiently substantiate the stock. Maintaining a stock register is not mandated by law, and its absence alone does not undermine a supported explanation. Stock found during a survey was attributed partly to the assessee's firm and partly to a related firm. Both firms' financial statements reflected their transactions and stock up to the survey date, with no material infirmity identified. en-us Thu, 10 Sep 2026 00:00:00 +0530 Thu, 05 Nov 2026 07:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802389 An unexplained-stock addition is not justified solely by the absence of a stock register where financial statements without identified infirmities sufficiently substantiate the stock. Maintaining a stock register is not mandated by law, and its absence alone does not undermine a supported explanation. Stock found during a survey was attributed partly to the assessee's firm and partly to a related firm. Both firms' financial statements reflected their transactions and stock up to the survey date, with no material infirmity identified. Case-Laws Income Tax Thu, 10 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802389