TMI BlogAssessing Officer Validly Rejects Defective Accounts, Estimates Profit u/s 145(3) of Income Tax Act.Estimation of profit - rejection of books of accounts - keeping in view such glaring defects in the books of account and the statement of the appellant during the course of survey A.O. has rightly applied provisions of section 145(3). - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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