Dismissing the appeal of the revenue the Court held that the assessee has proved purchase of excess stock with sufficient evidence and statement was retracted. Order of Tribunal deleting the addition was affirmed.
CIT v. Vishnu Prakash Sharma (2022) 440 ITR 324 (Raj.)(HC)
S. 69 : Unexplained investments-Excess stock during search-Books of account was incomplete-Retraction of statement-Deletion of addition was held to be justified [S. 132, 132(4)]