Receipts from sales out of stocks that were accepted during scrutiny can’t be treated as unexplained income

INCOME TAX : Where opening stock was accepted in scrutiny assessment, revenue could not treat sales made by assessee out of such opening stock as income from unexplained sourcesINCOME TAX : Where opening stock was accepted in scrutiny assessment, revenue could not treat sales made by assessee out of such opening stock as income from unexplained sourceswww.taxmann.com Latest Case LawsRead More

Leave a Reply