https://www.taxtmi.com/caselaws?id=61459 The Tribunal held that the addition of Rs. 2,72,518 due to discrepancies in stocks hypothecated with the bank and those in the books was unjustified. It was concluded that the goods remained with the assessee under hypothecation, making physical verification impractical. As there were no discrepancies in the books of account and the closing stock figures matched, the Tribunal ruled in favor of the assessee, deleting the amount and allowing the appeal. en-us Tue, 22 Aug 1995 00:00:00 +0530 Wed, 12 Jan 2011 16:49:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61459 The Tribunal held that the addition of Rs. 2,72,518 due to discrepancies in stocks hypothecated with the bank and those in the books was unjustified. It was concluded that the goods remained with the assessee under hypothecation, making physical verification impractical. As there were no discrepancies in the books of account and the closing stock figures matched, the Tribunal ruled in favor of the assessee, deleting the amount and allowing the appeal. Case-Laws Income Tax Tue, 22 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61459