Addition on account of excess stock found during the course of ...

Unexplained Excess Stock Found in Survey Leads to Additions; Assessee Fails to Explain Source or Payment Method.

October 17, 2018

Case Laws Income Tax AT

Addition on account of excess stock found during the course of survey action - unrecorded and unexplained stock / expenditure - The assessee has failed to discharge his onus to explain the source of expenditure or how the same has been paid - Additions confirmed.

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Addition on account of excess stock found during the course of ...

Unexplained Excess Stock Found in Survey Leads to Additions; Assessee Fails to Explain Source or Payment Method.

October 17, 2018

Case Laws Income Tax AT

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