Rejection of books of accounts - where the net profit rate ...

High Court: Rejection of Books Justified if Net Profit Rate is Arbitrary or Perversely Considered. Accurate Reporting Crucial.

December 16, 2014

Case Laws Income Tax HC

Rejection of books of accounts - where the net profit rate discloses an arbitrary and perverse consideration, it would be a question of fact - if consideration leading to a net profit rate is perverse and or arbitrary, the finding so rendered shall be illegal and shall not be a question of fact - HC

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Rejection of books of accounts - where the net profit rate ...

High Court: Rejection of Books Justified if Net Profit Rate is Arbitrary or Perversely Considered. Accurate Reporting Crucial.

December 16, 2014

Case Laws Income Tax HC

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