Excess stock already accounted by Assessee before search cannot be taxed as undisclosed Income
ACIT Vs New Horizons Limited (Kolkata High Court) I.T.A. No. 2127/KOL/2017 28/08/2019 2015-2016 FULL TEXT OF THE ITAT JUDGEMENT Per Shri P.M. Jagtap, Vice-President (KZ):- This appeal is preferred by the Revenue against the order of ld. Commissioner of Income Tax (Appeals)-21, Kolkata dated 04.07.2017 on the following grounds:- “1. In the facts and circumstances of… Read More »