Addition on account of low Net profit ratio – The onus is upon ...

Revenue Must Prove Assessee's Books Are Inaccurate or Incomplete for True Profit Assessment.

November 4, 2013

Case Laws Income Tax AT

Addition on account of low Net profit ratio – The onus is upon the Revenue to show that either the books of account maintained by the assessee were incorrect or incomplete or that the method of accounting adopted by him was such that true profits of the assessee cannot be deduced therefrom - AT

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Addition on account of low Net profit ratio – The onus is upon ...

Revenue Must Prove Assessee's Books Are Inaccurate or Incomplete for True Profit Assessment.

November 4, 2013

Case Laws Income Tax AT

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