Addition on account of under valuation of stock - there will not ...

Stock Undervaluation Affects Income: Temporary Increase Followed by Decrease; Assessment Authority's Findings Unconvincing.

March 26, 2022

Case Laws Income Tax AT

Addition on account of under valuation of stock - there will not be any impact on the income declared by the assessee except the increase in the amount of income in one year and decrease in the amount of income in the subsequent year. On this reasoning as well, we are also not convinced with the findings of the AO - AT

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Addition on account of under valuation of stock - there will not ...

Stock Undervaluation Affects Income: Temporary Increase Followed by Decrease; Assessment Authority's Findings Unconvincing.

March 26, 2022

Case Laws Income Tax AT

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