No Addition on Account for Sales Suppression shall be made Solely based on Abstract Data issued by Ministry of Textiles: ITAT [Read Order]

No Addition - Account - Sales Suppression - Solely - Abstract Data - Ministry of Textiles-ITAT-TAXSCAN

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that no addition on account for sales suppression shall be made solely based on the abstract data by the Ministry of Textiles. The assessee being a resident corporate is stated to be engaged in the manufacturing of cotton yarns. Upon perusal of the stock…

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