Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (3) TMI 288 - HC - Income TaxDifference in the stock valuation - additions - even if there is some difference in the valuation of the said quantity of the stock in the balance sheet, as against the valuation shown in the bank, it cannot be said to be resulting into any income from undisclosed sources - AO had not been able to point out any discrepancy in the quantity of stock hypothecated to the bank and the quantity of stock as per accounts books – enhanced value was for obtaining loans – additions not justified
|