Court Confirms Addition by Assessing Officer Due to Undervaluation of Marble Stock; Assessee Fails to Justify Defective Stock Value. https://www.taxtmi.com/highlights?id=54145 Undervaluation of closing stock - method of valuation of the marble block - assessee has failed to justify the quantum of defective stock of marble blocks and its realizable value, thereby the addition made by the AO is hereby confirmed. - AT en-us Mon, 27 Jul 2020 10:42:17 +0530 Mon, 27 Jul 2020 10:42:17 +0530 TaxTMI RSS Generator Court Confirms Addition by Assessing Officer Due to Undervaluation of Marble Stock; Assessee Fails to Justify Defective Stock Value. https://www.taxtmi.com/highlights?id=54145 Undervaluation of closing stock - method of valuation of the marble block - assessee has failed to justify the quantum of defective stock of marble blocks and its realizable value, thereby the addition made by the AO is hereby confirmed. - AT Highlights Income Tax Mon, 27 Jul 2020 10:42:17 +0530 https://www.taxtmi.com/highlights?id=54145