Dear Members,
If in scrutiny assessment of a company assessee ITO made addition on behalf of Lower GP as well as Lower WIP Stock in a particular (2003-04) assessment year.
same as above ITO further made addition on behalf of same contention in the next (2004-05) assessment year Lower GP as well as Lower WIP Stock in scrutiny assessment.
Question is that is the ITO or CIT(Appeal) will allow the previous assessment years addition total amounting equal to Lower GP as well as Lower WIP Stock in the next assessment year.
Thanking you,
CA Sitaram Agrawal