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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Reopening of assessment - loss claimed on the gross receipts - ...


Assessment Reopened: Failure to Audit Books as Required by Section 44AB After Claiming Loss on Gross Receipts.

September 20, 2016

Case Laws     Income Tax     AT

Reopening of assessment - loss claimed on the gross receipts - assessee has maintained books of accounts are required u/s 44AA(2) but had not got the accounts audited as required u/s 44AB - action of reopening the assessment confirmed - AT

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