TMI BlogPenalty u/s 271(1)(c) - undervaluation of value of closing stock of diamond by applying average rates -...Penalty u/s 271(1)(c) - undervaluation of value of closing stock of diamond by applying average rates - the closing stock of this assessment year would become the opening stock of the next year and ultimately it has got no effect on the taxes payable to Revenue - No penalty - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
