ITAT upheld addition for stock difference as per books and in Statement submitted to Banks

IN THE ITAT KOLKATA BENCH ‘SMC’ Estee Exports (P.) Ltd. Versus Income-tax Officer IT Appeal No. 424 (Kol.) of 2012 [ASSESSMENT YEAR 2006-07] AUGUST  9, 2012 ORDER Smt. Diva Singh, Judicial Member This is an appeal filed by the assessee against the order dated September 30, 2011 of the Commissioner of Income-tax (Appeals)-VI, Kolkata, pertaining to the assessment year 2002-03 on the following grounds : “1. That on the facts and in the circumstances of the case, the learned Commissioner of Income-tax (Appeals) erred in confirming the addition made by the Asse...