Court Rules Section 69A Inapplicable: No Evidence of Unexplained Investment in Stocks and Spares by Assessee.

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....Unexplained investment in stock and spares - Addition u/s 69A - assessee has capitalised stock of stores and spares to the plant and machinery - there is no evidence brought on record to suggest that the assessee has made investment in its stocks outside the books of account - provisions of section 69A of the Act do not have any application on the facts of the case in hand. - AT....