If assessee fails to explain difference in books of Accounts additions for such difference can not be deleted

Balance in the shares account is Rs. 23,52,580/- whereas as per books of account and as per trial balance it is Rs. 22,93,130/- and assessee has failed to explain the difference or substantiate his plea that there is no difference. As such, it is held that since assessee has not been able to explain the difference, therefore, addition is called for which has rightly been confirmed by the CIT(A) whose action is further confirmed and this ground appeal of the assessee is dismissed. INCOME TAX APPELLATE TRIBUNAL, DELHI ITA No. 134/Del./2011, (Assessment Year: 1996-97) M/s Kuber Securities Ltd. V...