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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

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

Case Laws     Income Tax

September 23, 2019

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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