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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Additions towards excess stock was found - It was admitted by ...

Income Tax

October 6, 2018

Additions towards excess stock was found - It was admitted by the director. Now this discovery of discrepancy cannot be bruised aside by merely submitting that on account of water contents in the cotton bales, their weight has been increased resulting into excess stock.

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  2. Additions made u/s 69B - excess stock found during survey - assessee contended that as per the books during the course of survey was without the opening stock - no merit...

  3. Unexplained investment u/s. 69B and levy of tax u/s 115BBE - income towards difference in stock - excess stock found during the course of survey - AO directed to assess...

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  6. Excess stock found during the course of survey - Additions u/s. 69B r.w.s. 115BBE - the additional income offered towards excess stock found during the course of survey...

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  8. Confiscation of excess stock seized - excess found raw materials cannot be confiscated. - AT

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