Addition u/s 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 June 2014 In case of Sec 44AD, whether any addition on account of alleged undisclosed stock can be made because, once assessment has been done, no other addition can be made. Secondly, difference in stock comes as a result of assessment, non maintenance of books etc. Kindly give your opinion.

07 June 2014 addition can be done if the gross turnover is under-reported. non-maintenance of stock should not be the reason.


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