Dismissing the appeal of the revenue the Court held that ; there was no difference between the quantity of stock as shown in the books of account and in the statement submitted to the bank. The conclusions arrived at by them did not suffer from any legal infirmity. The deletion of addition made, under S. 69B was proper.( AY. 2010-11)
CIT v. Gladder Ceramics Ltd. (2018) 401 ITR 205 (Guj) (HC)
S. 69B : Amounts of investments not fully disclosed in books of account –Valuation of closing stock for availing of facilities from bank -Quantity of stock remaining same additions cannot be made .