Additions against Excess stock found - the value of surplus ...

Surplus Stock Not Unexplained Investment: Treated as Regular Business Income u/s 69 of Income Tax Act.

September 21, 2019

Case Laws Income Tax AT

Additions against Excess stock found - the value of surplus stock in the facts and circumstances of the assessee’s case did not represent assessee’s unexplained investment u/s 69 and it constituted its regular business income for the year under consideration. - AT

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Additions against Excess stock found - the value of surplus ...

Surplus Stock Not Unexplained Investment: Treated as Regular Business Income u/s 69 of Income Tax Act.

September 21, 2019

Case Laws Income Tax AT

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