Value of stock submitted with bank in excess of what is reported in books to be held as unexplained investment: HC

INCOME TAX : Where Assessing Officer having found that value of stock shown by assessee in stock statement as on 28-3-2005 submitted to bank was far in excess to value of stock shown in audit report for period ending 31-3-2005 and assessee could not explain reasons therefor,INCOME TAX : Where Assessing Officer having found that value of stock shown by assessee in stock statement as on 28-3-2005 submitted to bank was far in excess to value of stock shown in audit report for period ending 31-3-2005 and assessee could not explain reasons therefor,www.taxmann.com Latest Case LawsRead More

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