Undervaluation of closing stock - If the AO was not satisfied ...

High Court Deletes Additions by AO for Rejecting Taxpayer's Consistent Stock Valuation Without Expert Consultation.

August 6, 2013

Case Laws Income Tax HC

Undervaluation of closing stock - If the AO was not satisfied with the market value taken by the assessee, he could have taken the assistance of the expert but the AO merely rejected the method of valuation consistently followed by the assessee - additions deleted - HC

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Undervaluation of closing stock - If the AO was not satisfied ...

High Court Deletes Additions by AO for Rejecting Taxpayer's Consistent Stock Valuation Without Expert Consultation.

August 6, 2013

Case Laws Income Tax HC

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