Excess stock already accounted by Assessee before search cannot be taxed as undisclosed Income

 

Excess stock already accounted by Assessee before search cannot be taxed as undisclosed Income

Viz:(a) whether the AO was justified in assessing sum of Rs.4,70,54,450/- by way of unexplained investment” in stocks u/s 69 of the Act and (b) whether the AO was justified in not allowing benefit of …

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