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TMI Blog2018 (10) TMI 1745X X X X Extracts X X X X X X X X Extracts X X X X ..... GH COURT] Sole ground for making the addition was difference between the accounts maintained by the assessee and the stock statement filed with the Bank. It was noted that the stock statements filed with the Bank pertain to the months of April to August, whereas, the survey took place in the month of September. It was also noticed that the tendency to show higher value in the bank statements to e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the assessee to his banker, Punjab National Bank? 2. On 08.10.2018, we had considered such a question at the instance of the Revenue in Tax Appeal No.1198 of 2018 making following observations: Question [1] pertains to addition of a sum of ₹ 1.59 crores [rounded off] made by the Assessing Officer on account of discrepancy in the stock, as per the books ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to enjoy higher cash credit limit. The entire issue is thus based on facts duly appreciated by the CIT [A] and the Tribunal. No question of law arises. Question [2] is nothing but an element of the first question. No separate discussion is therefore necessary. Third question pertains to deletion of a sum of ₹ 7.48 Crore added by the Assessing Officer on the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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