Rejected goods cannot be considered for valuation of closing stock, hence no concealment of income – ITAT
October 7, 2018
Income Tax, ITAT
Rejected goods cannot be considered for valuation of closing stock. Therefore there was concealment of income or furnishing of inaccurate particulars of such income ABCAUS Case Law Citation: ABCAUS 2561 (2018) (10) ITAT In the instant case, the appellant assessee had filed the appeal against the order of …