TMI BlogUnder-valuation of closing stock - The onus to establish escapement of income is on the Revenue, which...Under-valuation of closing stock - The onus to establish escapement of income is on the Revenue, which it has completely failed to, with there being no charge of the assessee being not cooperative, or having not, on asking, furnished the relevant details. It is a clear case of non-application of mind by the Revenue. It would therefore be unfair to call upon the assessee to, after lapse of a number of years, justify its case. - Additions deleted - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|