Tribunal held that the assesee has not produced any supporting documents regarding variation in valuation of closing stock accordingly the addition is held to be justified . (AY.2005-06, 2006-07 )
Floorings v. ITO (2018) 64 ITR ( SN) 34 (Pune) (Trib)/Bhikshu Granimart v. Dy.CIT (2018) 64 ITR 34 (SN)(Pune)(Trib.)
S. 69 :Unexplained investments –Variation in valuation of closing stock –No supporting document is produced – Addition is held to be justified .[ S.133A