Addition on the basis of stock statement submitted to bank - f ...

Assessees can contest stock statement discrepancies if they prove estimates differ from accurate book records. No absolute prohibition.

November 3, 2011

Case Laws Income Tax HC

Addition on the basis of stock statement submitted to bank - f the assessee is able to show that the statement was given only on estimate basis and value reflected in the books of account was correct, there is no absolute bar to such explanation being accepted .... - HC

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Addition on the basis of stock statement submitted to bank - f ...

Assessees can contest stock statement discrepancies if they prove estimates differ from accurate book records. No absolute prohibition.

November 3, 2011

Case Laws Income Tax HC

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