Addition on stock difference or understatement of sundry debtors ...
Case Laws Income Tax
September 30, 2019
Addition on stock difference or understatement of sundry debtors - assessee has over stated the values by inflating the unit rates to increase the value of closing stock to the bank, but the quantity remained the same - there is no reason for making the addition on stock difference or understatement of sundry debtors.
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