Court Finds No Justification for Addition Due to Overstated Closing Stock Value with Unchanged Quantity by Assessee. https://www.taxtmi.com/highlights?id=49551 Addition on stock difference or understatement of sundry debtors - assessee has over stated the values by inflating the unit rates to increase the value of closing stock to the bank, but the quantity remained the same - there is no reason for making the addition on stock difference or understatement of sundry debtors. en-us Mon, 30 Sep 2019 09:51:17 +0530 Mon, 30 Sep 2019 09:51:17 +0530 TaxTMI RSS Generator Court Finds No Justification for Addition Due to Overstated Closing Stock Value with Unchanged Quantity by Assessee. https://www.taxtmi.com/highlights?id=49551 Addition on stock difference or understatement of sundry debtors - assessee has over stated the values by inflating the unit rates to increase the value of closing stock to the bank, but the quantity remained the same - there is no reason for making the addition on stock difference or understatement of sundry debtors. Highlights Income Tax Mon, 30 Sep 2019 09:51:17 +0530 https://www.taxtmi.com/highlights?id=49551