Held that the reconciliation filed by the assessee showed that the excess stocks claimed by the Assessing Officer was not properly verified. Therefore, the matter was to be remanded to the Assessing Officer for proper adjudication after taking cognisance of the reconciliation filed by the assessee. (AY. 2011-12)
Ganesh Ginning Factory v .ACIT(2023)101 ITR 90 (SN) (Ahd) (Trib) Gajanand Ginning And Pressing Pvt. Ltd v. ITO (2023)101 ITR 90 (SN) (Ahd) (Trib) Premjibhai Vallabhbhai Kukadiya v. ITO (2023)101 ITR 90 (SN) (Ahd) (Trib)
S. 69 : Unexplained investments-Survey-Income from undisclosed source-Discrepancy in stocks-Excess stocks not properly verified by AO-Matter remanded for readjudication. [S. 133A, 145(3)]