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| The Tax Publishers2020 TaxPub(DT) 5379 (Pune-Trib) INCOME TAX ACT, 1961
Section 68
Since no specific finding was recorded by AO on verification of the books of account produced by assesse in respect of addition made on account of alleged excess stock found during the course of survey, matter was remanded back to AO for such verification, which was relevant to decide the issue involved.
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Income from undisclosed sources - Addition under section 68 - Excess stock found during course of survey -
Assessee filed appeal against the order of CIT(A) confirming addition made on account of alleged excess stock found during the course of survey contending the books of account so prepared by him were not rejected and the stock as found during the course of survey carried stood duly explained. Held: Since no specific finding was recorded by AO on verification of the said books of account, matter was sent back to AO for such verification which was relevant to decide the issue involved in the present case relating to the excess stock allegedly found during the course of survey.
REFERRED :
FAVOUR : Matter remanded.
A.Y. :
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