Held that the a survey is a finding on physical verification, hence the difference was taken and added back as income of the assessee. Tribunal noted that the Principal Commissioner had only come upon an inflated stock statement and there was no inquiry or verification in respect thereof. No question of law arose from the order of the Tribunal.
PCIT v. Dimple Murarka (2024)462 ITR 212 (Orissa)(HC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Survey-Stock-Order of revision is not valid.[S.133A]