Addition u/s 69 based on tally data having various discrepancy is unsustainable

Nickunj Eximp Enterprises Pvt. Ltd. Vs ACIT (ITAT Mumbai) ITAT Mumbai held that addition under section 69 of the Income Tax Act based on tally data having various inherent discrepancy is unsustainable as AO failed to verify or ask the assessee to reconcile the same from actual books of accounts or physical stocks. Facts- A survey action u/s. 133A of the Act was carried out in the case of the assessee and M/s. Nickunj EDM Wires and Consumables P. Ltd on 16.11.2017. Statement of Shri Vithal Gopal Patil was recorded u/s 133A of the Act on 16.11.2017. During the course of the survey, details of th...