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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

Unexplained Investment – The assessee had valued the stock at ...

Income Tax

January 31, 2012

Unexplained Investment – The assessee had valued the stock at cost price. The cost price as recorded in the books was not rejected or adversely commented upon in the assessment order. Thus an obvious mistake has been corrected by the Tribunal – Decided in favor of assessee..... - HC

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