Stock difference - when there is a difference in the value of ...

Assessee must explain discrepancies between stock values in bank reports and their books, or face income additions.

September 23, 2019

Case Laws Income Tax AT

Stock difference - when there is a difference in the value of stock shown in the statement given to the bank and the books of account of the assessee, the assessee is bound to explain the differences. In the absence of any explanation furnished by the assessee, additions confirmed.

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Stock difference - when there is a difference in the value of ...

Assessee must explain discrepancies between stock values in bank reports and their books, or face income additions.

September 23, 2019

Case Laws Income Tax AT

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