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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Valuation of Excess stock found during search - argument of the ...


Assessing Officer's Argument Against Gross Profit Deduction in Excess Stock Valuation Lacks Merit, Deduction Should Be Considered.

September 21, 2020

Case Laws     Income Tax     AT

Valuation of Excess stock found during search - argument of the AO for not allowing deduction of GP embedded in the estimated market value, is devoid of any merit - AT

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