Treatment of an amount as income even though the assessee has ...
Tribunal Misinterprets Agreement Clauses, Leading to Incorrect Income Assessment of Closing Stock Value by Assessee.
May 24, 2012
Case Laws Income Tax HC
Treatment of an amount as income even though the assessee has disclosed the value of goods as part of closing stock - held that:- Tribunal misconstrued the clauses in the agreement to hold that the value of the closing stock had to be treated as income of the assessee.- HC
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