The Assessing Officer relied upon a stock statement furnished to the bank for determining the assessee’s stock and making an addition. The assessee contended that the statement was not signed by its partners. The Court held that the bank manager had explained that stock statements were prepared by the bank’s godown keeper, verified and signed by a partner, and were used for determining the drawing power. The assessee had availed the overdraft facility and was given sufficient opportunity to establish that the statement did not belong to it, but failed to produce any contrary evidence. In the circumstances, the Tribunal was justified in sustaining the addition.