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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Additions cannot be made on account of difference arising in the ...


Stock Value Discrepancy: Inconsistent Records Block Additional Credit Facilities Due to Inflated Reports to Banking Authorities.

November 12, 2013

Case Laws     Income Tax     AT

Additions cannot be made on account of difference arising in the quantity and value of stock shown in the books of accounts and the statement furnished to the banking authorities, admittedly to avail higher credit facilities - AT

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