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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Addition on account of variation in the value of closing stock ...


Discrepancy in Closing Stock Value Resolved: Evidence Confirms Accuracy, No Addition Made to Accounts.

June 9, 2016

Case Laws     Income Tax     AT

Addition on account of variation in the value of closing stock between the value declared in the accounts and the value declared to the Bank - The assessee demonstrated with evidence that the closing stock declared in the books of account is correct - No addition - AT

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