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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Rejection of books of accounts u/s 145(3) - low sale/profit - ...


Assessee's Audited Accounts Rejection u/s 145(3) Unjustified; No Penalties Due to Proper Documentation.

September 25, 2013

Case Laws     Income Tax     HC

Rejection of books of accounts u/s 145(3) - low sale/profit - The assessee cannot be penalized specially when its books of accounts were properly audited and relevant vouchers were made available. - HC

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