In the result, appeal of the assessee is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Assessing Officer had not made any inquiry in respect of the explanation of the assessee that the stock belonging to another entity was included in the stock statement submitted by the banker, and accordingly, found that there was no reason to interfere with the order passed by the Commissioner (Appeals). 7. Thus, the Tribunal has recorded concurrent findings of fact