Once GP addition is made, no separate addition is called for in respect of unaccounted stock and discrepancy in stock as per books and as per bank statements:

Revenue challenged two additions viz. one in respect if unaccounted stock and another in respect of difference in stocks as per statement given to bank and as per the Balance-sheet. Since the ITAT had confirmed the GP addition made on account of negative GP, both the said additions were deleted by it. ITAT was of the opinion that there was nothing on record to show that extra GP addition confirmed by it was invested somewhere else. The said view was upheld by the Hon’ble High Court also.

[DEVSHREE SYNTEX PVT. LTD. - TAX APPEAL NO.166 of 2012 - GHC]