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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Undisclosed stock - relevant assessment year - additions for the ...

Income Tax

July 13, 2020

Undisclosed stock - relevant assessment year - additions for the financial year 2012-2013 relevant to assessment year 2013-2014 - Once the statements have been accepted by the survey team the tax should be calculated by them for the relevant years accepted by the assessee. In view of the above findings noted by us, it should be taxed in the assessment year 2012-2013. - Additions deleted.

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