Whether the variation between the stocks hypothecated with the bank and the stock shown in the books of accounts empowers the AO to invoke the provisions of s. 69 of the IT Act, 1961 and make additions of difference in stock as appeared in the books of accounts towards unexplained investment in the stocks ?

High Court Of Punjab & Haryana B.T. Steels Ltd. vs. CIT Section 69 Asst. Year 1995-96 Adarsh Kumar Goel & Ajay Kumar Mittal, JJ. IT Appeal No. 186 of 2004 6th October, 2010 Counsel Appeared : S.S. Narula, for the Assessee : Denesh Goyal, for the Revenue JUDGMENT ADARSH KUMAR GOEL, J. : This appeal…

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