Addition to the closing stock - consequent to search action, the ...

Taxpayer's Attempt to Change Stock Valuation Method Denied as Afterthought to Reduce Taxable Income.

September 21, 2015

Case Laws Income Tax AT

Addition to the closing stock - consequent to search action, the assessee wanted to change the method of stock valuation for the first time, which is nothing but an after-thought so as to reduce the income which cannot be permitted at this point of time - AT

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Addition to the closing stock - consequent to search action, the ...

Taxpayer's Attempt to Change Stock Valuation Method Denied as Afterthought to Reduce Taxable Income.

September 21, 2015

Case Laws Income Tax AT

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