Feedback   Subscription   Demo   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
Home Case Index All Cases Income Tax Tri Income Tax + Tri
← Previous Next →
  • Contents


User Login
Stay sign in     

Forget password        New User/ Regiser

Demo / Trial Options

Annual Subscription


The DCIT, Cir. 1 Junagadh Versus Smt. Gracy Kuthumkal Thomas Prop. of M/s. Jinny Marine Traders

GP estimation - rejection of books of accounts - undervaluation of stock - Held that - There is no dispute with regard to the proposition that the assessee would be required to value closing stock either at cost or at market price whichever is lower. The assessee did not adopt cost price. The assessee has adopted sale which could be realized out of the stock. But what was guiding factor to adopt rates. The ld.CIT(A) has observed that during the period when valuation was done rates of these items....... + More



← Previous Next →




Discussion Forum
what is new what is new


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version