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"... Apart from this, as per the balance sheet opening stock was Rs.53,04,800/- and closing stock was Rs.23,49,500/-. However, in course of survey assessee could not give any explanation regarding closing stock. Though the assessee's I.T.A. No.414/Ran/2025 turnover has been increased but stock has been decreased. In view of this, value of closing stock of Rs.23,49,500/- shown by the assessee is doubtful. Though, the onus was on the assessee to substantiate its accounts by producing books of accounts but the assessee failed to do so. There was undisclosed stock of Rs.29,53,300/- (Rs.53,04,800/- Rs.23,49,500/-). In view of this, the undersigned has reason to believe that in this case, income has escaped assessment for A.Y. 2011-12."