Assessee’s claims can’t be rejected merely for Non-Acceptance of Genuineness of Transaction on ground of Non-Furnishing of Copy of Stock Register: ITAT [Read Order]

Assesse - Non-acceptance - transaction - non-furnishing - stock register - ITAT - taxscan

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that assesse’s claims cannot be rejected merely for Non-acceptance of genuineness of transaction on ground of non-furnishing of copy of stock register. The assessee, M/s. Neogenetics Foods Private Limited is engaged in the business of manufacturing and trading of animal feeds. Out of total…

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