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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Undisclosed investment in stock and property - when the assessee ...


Court Rules No Undisclosed Investments in Stock and Property from Higher Stock Figures by Assessee.

April 13, 2023

Case Laws     Income Tax     HC

Undisclosed investment in stock and property - when the assessee himself had disclosed higher stock, question of taking a view that assessee had suppressed sales for making investment towards purchase of goods which is reflected in the higher stock figures does not appear to be reasonable. - HC

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