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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Addition on account of difference in valuation of stock - Merely ...


Stock Valuation Addition Needs Evidence: Mere Absence of Stock Register Isn't Enough, Says Court.

April 16, 2018

Case Laws     Income Tax     AT

Addition on account of difference in valuation of stock - Merely non maintenance of stock register by the assessee cannot result into addition unless the AO shows with conclusive evidence that quantitative details submitted by the assessee is incorrect. - AT

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