Production and stock discrepancy detection: compare IBM annual returns with income-tax filings and take remedial action. Scrutiny of mining assessees must include obtaining IBM Annual Returns and comparing them with Income-tax Returns to detect production and closing stock discrepancies and potential suppression; where significant divergences are found, remedial measures should be applied for all affected years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Production and stock discrepancy detection: compare IBM annual returns with income-tax filings and take remedial action.
Scrutiny of mining assessees must include obtaining IBM Annual Returns and comparing them with Income-tax Returns to detect production and closing stock discrepancies and potential suppression; where significant divergences are found, remedial measures should be applied for all affected years.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.