In the case of shortage of stock a valid presumptions would be that the stock has been sold outside the...

In the case of shortage of stock a valid presumptions would be that the stock has been sold outside the books of accounts - the only addition that can be made is that of gross profit on estimate basis - Since the stock was accounted for in the books of account accordingly there can be no addition on account of unexplained investments - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X