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VAT - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Increase in Purchase price – Increase in tax – Rejecting books ...


Assessing Officer Must Justify Rejection of Taxpayer's Books, Especially in Cases of Increased Purchase Price Impact.

August 28, 2015

Case Laws     VAT and Sales Tax     HC

Increase in Purchase price – Increase in tax – Rejecting books of Account – If assessing officer does not want to accept books of account, he must give some cogent and valid reasons for not accepting - HC

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