No further addition for unaccounted inventory already accounted in books

D.C.I.T Vs Vinodchandra Shanabhai Patel (ITAT Ahmedabad) On perusal of the profit and loss account of the assessee placed on page 29 of the paper book, we find that the assessee has shown other income of ₹1,92,78,814.00 which is representing the unaccounted stock found during the course of survey operation under section 133A of the Act . To this effect, the assessee in the notes to account has also made the disclosure as detailed below: NOTES ON ACCOUNTS During the year, Survey was carried out at the factory premises. During the course o f proceedings, disclosure of Income of Rs. 1,92,78,814...