Court Deletes Income Additions Due to Lack of Evidence Linking Excess Stock to Assessee in Survey Proceedings.

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Full Text of the Document

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....Addition made on account of valuation of stock found in the survey proceedings - reliance upon statement by the son of the proprietor who is partner in another partnership firm - there was no evidence to show that the excess stock alleged to have been found at the warehouse premises belongs to assessee - Additions deleted.....