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Income Tax - Highlights / Catch Notes

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Addition on account of excess stock - difference in stock ...

Income Tax

July 22, 2017

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

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  3. 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...

  4. Addition on the basis of inflated stock statement submitted to bank - Addition under Section 69B - additions not permissible - HC

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

  6. 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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  8. 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

  9. 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...

  10. Addition of difference between the value of stocks falsely declared to Canara Bank as at 31-03-2004 and 31-03- 2005 confirmed - Addition of bogus creditors confirmed - AT

 

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