Undervaluation of stock - it is a revenue neutral issue because ...

Undervaluation of Stock: Revenue-Neutral Impact in Tax Law as Closing Stock Becomes Next Year's Opening Stock.

March 9, 2018

Case Laws Income Tax AT

Undervaluation of stock - it is a revenue neutral issue because whatever addition is being made in the closing stock, it will be opening stock in the next year. If the assessee would fail to realize the value in proportion with the valuation of closing stock, she will claim loss in the next year, and if she acquired higher rate, then profit will be made. - AT

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Undervaluation of stock - it is a revenue neutral issue because ...

Undervaluation of Stock: Revenue-Neutral Impact in Tax Law as Closing Stock Becomes Next Year's Opening Stock.

March 9, 2018

Case Laws Income Tax AT

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