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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

As the books of accounts had not been produced and were not ...


Appellate Authorities Reject Book Results for Lack of Maintenance, Confirm Rs. 18.43 Crore Turnover for Greater Noida Project.

December 13, 2014

Case Laws     Income Tax     HC

As the books of accounts had not been produced and were not regularly maintained, the book results should be rejected - as far as total turnover is concerned, the appellate authorities are right in holding that the figure of ₹ 18.43 crores cannot be disputed as the assessee was only doing development work for the Greater Noida Authority - HC

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