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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Estimation of income - rejection of books of accounts - income ...


Tax Authorities Reject Books, Estimate Income Ad Hoc for Assessee Accused of Accommodation Entries.

June 27, 2015

Case Laws     Income Tax     AT

Estimation of income - rejection of books of accounts - income earned by the assessee by indulging in providing accommodation entries of purchase and sale of goods - some expenses on the basis of reasonableness being the essence of any assessment, on an ad hoc, estimate basis allowed - AT

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