1996 (1) TMI 374

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..... Income-tax Appellate Tribunal to refer the following questions for the opinion of this court : " (i) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in sustaining the addition of Rs. 60,000 completed in the basis of the alleged difference found in the middle of accounting year ? (ii) Whether, on the facts and in the circumstances of the case, the Tribunal .....

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..... otmats was found on the spot. The assessee was called upon to explain the difference. The assessee filed an explanation stating that the difference of the total stock as entered in the books and the stock found on the spot at the time of survey, was lying in the branch office, namely, Ram Das Gopal Das, which dealt in different items. This is why the explanation of the assessee was rejected and an .....

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