ITAT deletes addition made u/s 69 of Income Tax Act  on account of difference of excess stock of 22 Kt Gold and Polki jewellery [Read Order]

ITAT - Income Tax Act - excess stock - 22 Kt Gold - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, deleted the addition made under Section 69 of the Income Tax Act, 1961, on account of the difference in excess stock of 222Kt Gold and Polki Jewellery. The assessee, Chawla Jewellers, is a corporate entity engaged in the business of gold and diamond jewellery. After filing the…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader