Proper Scrutiny conducted by AO on Allegations of Under Valuation of Closing Stock: Calcutta HC quashes Decision of CIT [Read Order]
The Calcutta HC quashed the decision of the CIT as proper scrutiny conducted by the AO on allegations of under valuation of the closing stock.
By Kalyani B. Nair - On January 30, 2024 8:02 pm - 2 mins read
The Calcutta High Court quashed the decision of the Commissioner of Income Tax ( CIT ) as proper scrutiny conducted by the Assessing Officer ( AO ) on allegations of under valuation of the closing stock. The scrutiny assessment for the year under consideration was completed by order determining the total income of the assessee…
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