Where there was practically no difference in physical inventory taken by survey team vis-a-vis inventory as per Books of Account, impugned addition made on account of difference in value of stock was to be deleted. (AY. 2013-14)
Stone Age P. Ltd. v. Dy. CIT (2019) 72 ITR 117 / (2020) 195 DTR 1 / 208 TTJ 115 (Jaipur)(Trib.)
S. 145 : Method of accounting-Survey-Valuation-No difference in physical inventory and inventory as per books-Difference in value of stock is not to be added to income. [S. 133A]