High Court Rules AO Cannot Challenge Closing Stock Value Accepted by Commercial Tax Department in Reassessment Case.

High Court Rules AO Cannot Challenge Closing Stock Value Accepted by Commercial Tax Department in Reassessment Case. https://www.taxtmi.com/highlights?id=7129 Additions to turnover & profit computed in reassessment - AO has no jurisdiction to go beyond the value of the closing stock declared by the assessee and accepted by the Commercial Tax Department. - HC en-us Thu, 14 Mar 2013 08:03:47 +0530 Thu, 14 Mar 2013 08:03:47 +0530 TaxTMI RSS Generator High Court Rules AO Cannot Challenge Closing Stock Value Accepted by Commercial Tax Department in Reassessment Case. https://www.taxtmi.com/highlights?id=7129 Additions to turnover & profit computed in reassessment - AO has no jurisdiction to go beyond the value of the closing stock declared by the assessee and accepted by the Commercial Tax Department. - HC Highlights Income Tax Thu, 14 Mar 2013 08:03:47 +0530 https://www.taxtmi.com/highlights?id=7129