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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Penalty u/s 271AAB - difference in stock of goods as per books ...

Case Laws     Income Tax

March 5, 2020

Penalty u/s 271AAB - difference in stock of goods as per books and as found at the time of search is on account of valuation of such stock at the market value instead of cost and the same cannot be a basis to hold that it represent undisclosed income so defined in explanation to section 271AAB - AT

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