Under valuation of closing stock of rice - improper maintenance ...

Income Tax

June 6, 2022

Under valuation of closing stock of rice - improper maintenance of stock register by the assessee-firm - the method of valuation was adopted by the Ld. AO in closing stock that should be considered to opening stock also. So, both the valuation of opening and closing stock will be in the order. The asses see-firm should get proper opportunity to explain its method of valuation before the Ld. AO. - AT

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Under valuation of closing stock of rice - improper maintenance ...

Income Tax

June 6, 2022

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