In the case of shortage of stock a valid presumptions would be ...

Case Laws Income Tax

February 22, 2020

In the case of shortage of stock a valid presumptions would be that the stock has been sold outside the books of accounts - the only addition that can be made is that of gross profit on estimate basis - Since the stock was accounted for in the books of account accordingly there can be no addition on account of unexplained investments - AT

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In the case of shortage of stock a valid presumptions would be ...

Case Laws Income Tax

February 22, 2020

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