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Home Highlights October 2013 Year 2013 This

Addition on the basis of inflated stock statement submitted to ...


Court Rules Section 69B Additions Invalid for Inflated Stock Statements; Discrepancies Are Not Conclusive Evidence of Unaccounted Income.

October 9, 2013

Case Laws     Income Tax     HC

Addition on the basis of inflated stock statement submitted to bank - Addition under Section 69B - additions not permissible - HC

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  12. Difference in value of stock as per stock statement submitted to bank and stocks as per books - additions deleted - HC

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