TMI BlogIncrease of Turnover and tax liability – AO has not indicated as to how excess stock would affect...Increase of Turnover and tax liability – AO has not indicated as to how excess stock would affect declared turnover - Assessment Order does not indicate any basis for AO to enhance turnover by 10% - Matter to be re-adjudicated by the AO - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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