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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Survey followed by assessment u/s 143(3) – addition on account ...


Section 143(3) Additions Deleted: Closing Stock Valuation, Bogus Liabilities, Unaccounted Sales Investments, Section 40A(3) Disallowance Removed.

September 15, 2012

Case Laws     Income Tax     AT

Survey followed by assessment u/s 143(3) – addition on account of valuation of closing stock, bogus liabilities, dis-allowance u/s.40A(3) and investment in purchase corresponding to unaccounted sales are rightly deleted. - AT

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