Wednesday, August 29, 2018

HC upheld additions due to sales suppression detected during survey as there was variation in sales price

IT : Where there was no restriction with respect to price for which liquor had to be sold, and it was found during survey that assessee-bar had sold liquor in excess of price shown in return since price was variable, sale suppression detected during survey could be said to be actual price for which liquor was sold

from www.taxmann.com Latest Case Laws https://ift.tt/2LEe7H0

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