A B C SALES CORPORATION ,KANNUR vs. ITO, CIRCLE-1, KANNUR
In the result, appeal of the assessee is hereby dismissed
ITA 404/COCH/2024[2017-2018]Status: DisposedITAT Cochin20 Dec 2024AY 2017-2018
Bench: Shri Waseem Ahmed & Shri Soundararajan K
Section 250
purchases and corresponding sales. Any remaining stock after sales reflects the unsold portion of the purchases made. A discrepancy in stock typically arises only when there are unaccounted purchases or sales. However, in this case, the authorities below did not identify any specific issues related to the purchases or sales that could explain the alleged variation in stock. Furthermore
