12 June 2016
The case of the private ltd company is scrutinized u/s 143(2) for Financial Year 2013-14. A.O. demands stock statement for financial year ended on 31.03.2013 and 31.03.2014 from Bank. The Stock position is as follows :- Year Stock as per stock statement as per books of accounts difference F.Year 2012-13 9.00 Crore 8.00 Crore 1.00 Crore F.Year 2013-14 10.00 Crore 10.00 Crore No Difference
Please tell me what assessing officer can do for above difference in opening stock and what are remedies are available to me.
14 June 2016
I many time posted queries but never get reply. Now, no reply found for the query posted on 12/06/2016. Either I have no idea how to post or there is no one who have time to reply.
CAclubindia
