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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