Addition on stock difference or understatement of sundry debtors ...

Court Finds No Justification for Addition Due to Overstated Closing Stock Value with Unchanged Quantity by Assessee.

September 30, 2019

Case Laws Income Tax AT

Addition on stock difference or understatement of sundry debtors - assessee has over stated the values by inflating the unit rates to increase the value of closing stock to the bank, but the quantity remained the same - there is no reason for making the addition on stock difference or understatement of sundry debtors.

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Addition on stock difference or understatement of sundry debtors ...

Court Finds No Justification for Addition Due to Overstated Closing Stock Value with Unchanged Quantity by Assessee.

September 30, 2019

Case Laws Income Tax AT

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