WHAT WILL BE PENALTY IN CASE OF SHORT STOCK FOUND DURING SURVEY AS COMPARISON TO BOOKS OF ACCOUNTS? WHAT WILL BE PENALTY IN CASE OF EXCESS STOCK FOUND DURING SURVEY AS COMPARISON TO BOOKS OF ACCOUNTS?
Reply- Penal provision under section 125 would be applicable in case of under or excess stock found during survey. However, proceedins u/s 74 shall be initiated.
Posted Date: Apr 20, 2021