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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Accounting - Even if mere dispatches to the stockists did not ...


Income Tax Ruling: Dispatches to Stockists Must Be Included in Stock Calculations to Ensure Accurate Taxable Income.

March 4, 2013

Case Laws     Income Tax     HC

Accounting - Even if mere dispatches to the stockists did not amount to sales, the unsold amount not treated as part of the stock - it distort the picture for the purpose of ascertaining the taxable income - HC

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