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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Undisclosed closing stock - difference in the value of stock ...


Discrepancy in Stock Value Reporting: No Adjustment Allowed Between Bank and Tax Reports as of March 31, 2010.

June 25, 2015

Case Laws     Income Tax     AT

Undisclosed closing stock - difference in the value of stock shown to the bank and as declared to the income tax department - no addition for the difference in stock as on 31.03.2010 could be made by relying on the stock statement dated 20.03.2010. - AT

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