Tribunal held that, when the assessee has filed reconciliation of stock with District Supply Officer which was accepted, addition cannot be made on the alleged ground of mismatch in quantity of stock. (AY. 2003 -04)
ACIT v. Overseas Trading and Shipping Co. (P.) Ltd. (2018) 173 ITD 446 (Rajkot)(Trib.)
S. 69B : Amounts of investments not fully disclosed in books of account –Undisclosed investments- Excess stock-Mismatch in quantity of stock- Reconciliation filed with District Supply Officer was accepted -Addition is held to be not justified.