08 May 2009
My client have 2 shops, one in Individual capacity & another in HUF Capacity, dealing in kirana items on retail basis. during survey it is found that there is excess stock of Rs. 40 lacs in one shop whereas less stock of Rs. 35 lacs in another shop. I.T.O. propose additions in income in both the shops. What stand should I take?
this canbe replied in personal... after having some more information on the case from you... you are request to provide ful information as pm.... i will respond you soon.