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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Valuation of closing stock – Addition of proportionate transport ...


Valuation of Closing Stock Deemed Revenue Neutral; No Additional Charges Imposed Due to Timing Adjustment.

May 15, 2014

Case Laws     Income Tax     AT

Valuation of closing stock – Addition of proportionate transport charges – adjustment sought to be made is revenue neutral and at best may result in preponement or postponement of revenue - no addition - AT

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