Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
In the case of shortage of stock a valid presumptions would be that the stock has been sold outside the books of accounts - the only addition that can be made is that of gross profit on estimate basis - Since the stock was accounted for in the books of account accordingly there can be no addition on account of unexplained investments - AT
In the case of shortage of stock a valid presumptions would be that the stock has been sold outside the books of accounts - the only addition that can be made is that of gross profit on estimate basis - Since the stock was accounted for in the books of account accordingly there can be no addition on account of unexplained investments - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
