DR. MANISH CHHAPARWAL ,UDAIPUR vs. DCIT, CENTRAL CIRCLE-2, UDAIPUR
In the result, the appeal of the assessee is partly allowed
ITA 53/JODH/2022[2018-19]Status: DisposedITAT Jodhpur10 Nov 2023AY 2018-19
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Sh. Amit Kothari, Chartered AccountantFor Respondent: Sh. Rajesh Ojha, CIT-DR
Section 115BSection 250
section 69A, 698 of the Act is that the asset should be separately identifiable and it should have independent physical existence
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Dr. Manish Chhaparwal v. DCIT
of its own. Since excess stock is a result of suppression of profit from business over the years and has not been kept identifiable separately but is the pat of overall physical stock
