Estimation of sales and net profit - filing return u/s 44AD - AO ...

Court Rules Sales Estimation Unsustainable Without Basis in Section 44AD Case; Assessee's Books Not Maintained.

April 20, 2018

Case Laws Income Tax AT

Estimation of sales and net profit - filing return u/s 44AD - AO estimated the actual sales of ₹ 86 lacs instead of ₹ 19 lacs - when no books of accounts are maintained by the assessee and return is filed under section 44AD of the Act, we are not in a position to sustain the order estimating the sales which has no basis at all. - AT

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Estimation of sales and net profit - filing return u/s 44AD - AO ...

Court Rules Sales Estimation Unsustainable Without Basis in Section 44AD Case; Assessee's Books Not Maintained.

April 20, 2018

Case Laws Income Tax AT

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