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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Addition towards incorrect accounting of stock - maintaining ...


Assessee Not Required to Record Custodian Stock as Trade; Charges Fixed Fee for Service.

August 24, 2013

Case Laws     Income Tax     AT

Addition towards incorrect accounting of stock - maintaining stock for others - while accepting that the assessee is maintaining the stock of material on behalf of others and only charging fixed amount for this service, and as such, apparently, there is no need to admit the same in their books as stock in trade - AT

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