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Income Tax - Highlights / Catch Notes

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Reopening of assessment - provision for damaged goods - full ...


Assessment Reopening Addressed: Assessee Justifies Provision for Damaged Goods, AO Forms Opinion Without Disallowance.

June 27, 2016

Case Laws     Income Tax     HC

Reopening of assessment - provision for damaged goods - full accounts, details and justifications for the claim was placed before AO in response to written query raised by the AO - in the final order of assessment, AO made no disallowance, it can hardly be stated that he did not form any opinion with respect to this claim of the assessee. - HC

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