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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Disallowing excess purchase price - Whether effect of such ...

Case Laws     Income Tax

November 26, 2020

Disallowing excess purchase price - Whether effect of such excess pricing had already been neutralized in the Profit & Loss A/c by way of enhancing the closing stock value of almost same value as observed in the assessment order also? - CIT-A deleted the addition - The method of valuation and its impact has been properly appreciated by ld CIT(A) - AT

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