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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Addition on account of loss of sales of stock - assessee did not ...

Income Tax

October 26, 2019

Addition on account of loss of sales of stock - assessee did not submit any stock statement and the bank considered the stock of the company as Nil - The expert has given his exhaustive report and concluded that stocks after 4 1/2 years will deteriorate and will hardly have any value. - CIT(A) has rightly allowed the claim of the assessee

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