Held, that the stocks disclosed during survey were duly incorporated in the books of account of the assessee and the Assessing Officer had accepted them and allowed the credit therefor. Therefore, the order of the Commissioner (Appeals) was set aside and the Assessing Officer was to delete the addition of Rs. 50 lakhs.(AY. 2011-12)
Umananda Rice Mill Ltd. v.Asst. CIT (2023)101 ITR 140 (Kol) (Trib)
S. 69 : Unexplained investments-Survey-Discrepancies in stocks-Disclosed during survey duly incorporated in books of accounts of assessee-AO accepted and allowed credit-Addition is deleted.[S.133A]