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TMI Blog2022 (7) TMI 540X X X X Extracts X X X X X X X X Extracts X X X X ..... 1,24,585/- comes to Rs.3,82,933/- whereas the AO has made addition of Rs.5,62,487/-. We have verified the difference between the additions made by the AO and additions he ought to have been made and find that the AO had included a sum of Rs.1,79,554/- being closing balance of various bank accounts as on 31.03.2014, even though, the AO observed in his assessment order that after considering subm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... als), Salem, dated 25.01.2019 and pertains to assessment year 2004-05. 2. The brief facts of the case are that a survey u/s.133A of the Act, was conducted in the partnership firm of the assessee s husband on 03.03.2004. Consequent to the survey, the case has been taken up for scrutiny and the assessment has been completed u/s.144 of the Act, dated 27.12.2006 and determined total income of Rs.40 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... National Bank and Syndicate Bank amounting to Rs.22,50,433/- and also closing stock of shares at Rs.5,62,487/-. The assessee challenged the assessment order before the First Appellate Authority, but could not succeed. The Ld.CIT(A) for the reasons stated in his appellate order dismissed the appeal filed by the assessee. 3. The Ld.AR for the assessee referring to assessment order dated 30.12.20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... heard both the parties, perused the materials available on record along with assessment order dated 30.12.2016. We find that the assessee is not disputing additions towards value of closing stock of M/s.SSKI and and M/s.Motilal Oswal Securities. The only dispute is with regard to total amount of closing stock of shares added by the AO. As per the assessee, the total of two stocks comes to Rs.3,82 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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