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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Addition on account of excess stock found during the course of ...

Income Tax

October 17, 2018

Addition on account of excess stock found during the course of survey action - unrecorded and unexplained stock / expenditure - The assessee has failed to discharge his onus to explain the source of expenditure or how the same has been paid - Additions confirmed.

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  2. Re-determinination of value of opening stock - Addition of excess stock found during the course of survey - Once additions is made towards excess stock found during the...

  3. Excess stock found during survey - search conducted u/s 133A - the excess stock found during search is nothing but business stock carried on by assessee which is not...

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  7. Rejection of books of accounts - difference in the opening stock as well as the closing stock - the assessee has shown excess opening stock - The AO did not care to...

  8. Addition of excess stock found during the course of survey - unexplained investments u/s 69 r.w.s.115BBE - The Tribunal observed that the assessee provided plausible...

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