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TMI Blog2011 (3) TMI 1662X X X X Extracts X X X X X X X X Extracts X X X X ..... order of Commissioner of Incometax( Appeals)-XI, Ahmedabad in appeal No. CIT(A)-XI/532/JAN-08/07-08 dated 10-10-2008 for the assessment year 2005-06. 2. The Revenue has taken the following ground:- 1. The Ld. Commissioner of Income tax (A)-XI, Ahmedabad has erred in law and on facts in deleting the addition of ₹ 12,03,462/- made on account of excess stock found during the course of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... k was debited and also credited to the trading account and thereby the assessee has squared up the stock disclosed at the time of survey. Therefore, Assessing Officer made further addition of ₹ 12,03,462/-. Aggrieved by this order of Assessing Officer assessee went in appeal before Ld. CIT(Appeals) and filed detailed submission to show that assessee had disclosed the excess stock found durin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By additional Increase 12,03,462 2,15,56,127 2,15,56,127 Taking into consideration the submission of assessee and after going through the trading account, the Ld CIT(A) deleted the addition. Aggrieved by this order, now Revenue is in appeal before us. 4. At the time o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... isclosed income which was made during survey operation is not nullified since the additional income offered towards excessive stock at ₹ 12,03,462/- is very much available in the trading account. Therefore, after verifying the facts and circumstances of the case I am inclined to delete the addition made by the A.O at ₹ 12,03,462/-. Therefore, this ground of appeal is allowed. Sinc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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