Unexplained Investment – The assessee had valued the stock at ...

Tribunal Corrects Obvious Mistake in Stock Valuation; Decision Favors Assessee's Recorded Cost Price.

January 31, 2012

Case Laws Income Tax HC

Unexplained Investment – The assessee had valued the stock at cost price. The cost price as recorded in the books was not rejected or adversely commented upon in the assessment order. Thus an obvious mistake has been corrected by the Tribunal – Decided in favor of assessee..... - HC

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Unexplained Investment – The assessee had valued the stock at ...

Tribunal Corrects Obvious Mistake in Stock Valuation; Decision Favors Assessee's Recorded Cost Price.

January 31, 2012

Case Laws Income Tax HC

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