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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Undervaluation of closing stock - method of valuation of the ...

Case Laws     Income Tax

July 27, 2020

Undervaluation of closing stock - method of valuation of the marble block - assessee has failed to justify the quantum of defective stock of marble blocks and its realizable value, thereby the addition made by the AO is hereby confirmed. - AT

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