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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Rejection of books of accounts - addition made for suppression ...


Taxpayer's Books Rejection Overturned Due to Lack of Evidence; No Income Additions Made by Assessing Officer.

October 12, 2015

Case Laws     Income Tax     AT

Rejection of books of accounts - addition made for suppression of turnover - there was no occasion or instances of this nature pointed out by the AO in the assessment order, except for generalisations based on hypothetical standards, the source of which was never authenticated - No additions - AT

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