Addition on account of excess stock found during the course of ...
Excess stock additions overturned due to lack of inventory copy and violation of natural justice principles. No additions upheld.
December 25, 2015
Case Laws Income Tax AT
Addition on account of excess stock found during the course of survey - Assessing Officer has not countered the allegations of the assessee that copy of the inventory was not provided to him - dditions have been made without following the due process of law and principles of natural justice - No additions - AT
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