Case Law Details
Case Name : DCIT Vs Damodardas Mohanlal Chokshi (ITAT Ahmedabad)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Ahmedabad
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
DCIT Vs Damodardas Mohanlal Chokshi (ITAT Ahmedabad)
Conclusion: CIT (A) was right in its decision to delete the addition of Rs. 2.92 crore made by AO under Section 69B for alleged undervaluation of closing stock as the books of accounts was not rejected, therefore, the observation of AO that the same were not reliable.
Held: Appellant had appealed against the order for Assessment Year 2017-18 passed by CIT(A). In this case, respondent-assessee, filed a return declaring income of Rs. 7,95,73,300/-. The return was processed under Section 143
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.