Valuation of stock - Stock damaged due to Earthquake - Factory ...

Case Laws Income Tax

October 16, 2013

Valuation of stock - Stock damaged due to Earthquake - Factory was closed for few years - There was no reason given by the AO as to why the income out of sale of goods was treated as income from other sources as the profit was generated out of sale of stock which was accumulated stock of the assessee out of business activity - AT

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Valuation of stock - Stock damaged due to Earthquake - Factory ...

Case Laws Income Tax

October 16, 2013

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