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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Additions on account of finding of excess stock and suppression ...


Court Upholds Orders on Excess Stock and Sales Suppression, Grants Relief to Assessee Based on KVAT Act Findings.

July 22, 2016

Case Laws     Income Tax     HC

Additions on account of finding of excess stock and suppression of sale - impact of VAT assessment - though we confirm the orders impugned before us, we are of the view that the assessee is entitled to get the benefit of the reduced excess stock as determined by the authorities of the KVAT Act in their order - HC

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