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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Undisclosed purchase - purchases were not properly entered - ...


Tribunal Confirms Findings on Undisclosed Purchases, Excess Book Stock Due to Assessee's Admission of Unrecorded Transactions.

February 5, 2020

Case Laws     Income Tax     HC

Undisclosed purchase - purchases were not properly entered - there was “Excess Book Stock” as compared to “Physical Stock - We do not find any perversity in the said findings of the learned Tribunal based on the admission of the Assessee himself

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