Addition of closing stock - a suspicion has been created of ...

Assessee's Suspected Purchase Inflation and Stock Manipulation Lacks Evidence; Results in Ad Hoc Addition Only.

November 10, 2018

Case Laws Income Tax AT

Addition of closing stock - a suspicion has been created of being adopted a particular modus operandi by the assessee to inflate purchases and manipulate value of closing stock, but again we do not have any supporting evidence qua this suspicion - Addition restricted to adhoc amount.

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Addition of closing stock - a suspicion has been created of ...

Assessee's Suspected Purchase Inflation and Stock Manipulation Lacks Evidence; Results in Ad Hoc Addition Only.

November 10, 2018

Case Laws Income Tax AT

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