Addition u/s 56(2)(vii)(b)(ii) - applicability on stock in trade ...

Income Tax

July 6, 2019

Addition u/s 56(2)(vii)(b)(ii) - applicability on stock in trade - the definition of property as provided u/s 56(2)(vii) will have application to the ‘property’ which is in the nature of a capital asset of the recipient and therefore would not apply to stock-in-trade, raw material and consumable stores of any business of such recipient

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Addition u/s 56(2)(vii)(b)(ii) - applicability on stock in trade ...

Income Tax

July 6, 2019

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