2025 (6) TMI 952

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....referred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 30.10.2024 for the AY 2012-13. 02. The only issue raised by the assessee in the various grounds of appeal is against the confirmation of addition by ld. CIT (A) of Rs. 12,10,038/- as made by the ld. AO on account of difference in the stocks as disclosed in....

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.... bank with the stocks as per the books of accounts of the assessee found that there was a difference of Rs.12,10,038/-. Accordingly, the stock reflected in hypothecated statement filed before the Bank was treated as unexplained investment in terms of section 69 of the Act and added to the income of the assessee in the assessment framed u/s 143(3) of the Act dated 30.03.2015. 03. In the appellat....

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..... The ld. AO upon comparison of the details of hypothecated stocks with the stocks as per books of accounts of the assessee noted that the stocks were shown excess to the tune of Rs.12,10,038/- in the hypothecation statement. The ld. AO extracted the details of such excess stock in the assessment order. I note that there is a difference between the stocks as peer audited books of accounts and the ....