15 April 2008
THERE WAS RAID BY IT DURING THE YEAR 2006-07. STOCK BY AMOUNT OF RS.00000.00 AND DEPOSIT TAX ACCORDINGLY. ( IT WAS U/S 133A) AND THE ASSESSEE MAKE THE FOLLOWING ENTRY STOCK A/C DR ( UNDER CURRENT ASSETS) AND CAPITAL A/C CR.
BUT AT THE TIME OF MAKING THE BALANCE SHEET AND TPL. THE ASSESSEE HAD TAKEN AS CLOSING STOCK IN THE TRADING ACOUNT. THUS THERE ARE THREE ENTRY AS FOLLOWS:-
STOCK CREDITED TO TRADING A/C STCOK CR. TO CAPITAL A/C CLOSING STCOK UNDER CA IN BALANCE
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