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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Addition on account of difference in debtors and creditors - AO ...

Income Tax

February 26, 2016

Addition on account of difference in debtors and creditors - AO to grant proper and adequate opportunity as per law, to the assessee to explain the differences in sale/debtors and purchase/creditors as appearing in the books of accounts of the assessee vis-à-vis balance as appearing in the books of accounts of the purchasing/selling parties in accordance with the principles of natural justice as enshrined in doctrine of audi alteram partem - AT

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