ICDS and Tax Audit - bcasonline.org

CIT [1991] 55 Taxman 497 (SC) / 189 ITR 285 In cases of dissolution of firm, the stock-in-trade will have to be valued at the prevailing market price while preparing the accounts if the business of the firm is discontinued. •Sakthi Trading Co. v. CIT [2001] 118 Taxman 301 (SC) / 250 ITR 871

  Audit, Idcs, Taxman, Icds and tax audit