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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Tribunal was right in law in deleting the addition made on ...

Income Tax

September 1, 2016

Tribunal was right in law in deleting the addition made on account of difference in stock statement as furnished before the bank as compared to shown in books of account - HC

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  3. Addition on account of excess stock - difference in stock statement submitted with bank and as per books of accounts - No additions

  4. Tribunal was right in law in deleting the addition made on account of difference in stock statement as furnished before the bank as compared to shown in books of account...

  5. Addition on account of undervaluation of closing stock - difference in the stock statement given by the assessee to State Bank of India and as recorded in the books of...

  6. Addition u/s 69B on account of difference in stock statement given to the Bank - the stock statement tally with the stock statement submitted to the bank at the end of...

  7. Difference of stock - amount of closing stock differ in the books and as per the statement given to the bankers - unaccounted fabrication work - additions confirmed - HC

  8. Addition made – only on account of inflated statements furnished to the banking authorities for the purpose of availing of larger credit facilities, no addition can be made - HC

  9. Additions u/s 69B - stock statement submitted to the banks cannot be considered as true and correct - no additions could be made - AT

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