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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Addition on account of undisclosed sales of 258 liters ...


Court Rules to Delete Addition for Undisclosed Injectable Sales Due to Flawless Financial Data.

July 13, 2016

Case Laws     Income Tax     AT

Addition on account of undisclosed sales of 258 liters injectable - whether the data of cost audit report can be relied for the purpose of making the addition and without having any flaw in the audited financial data of assessee? - In the instant case, there is no defect in the financial year data of the assessee and therefore, the addition made by AO deserves to be deleted. - AT

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