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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Best adjustment assessment - estimation of income - in a best ...


Best Judgment Income Assessments Must Be Reasonable and Evidence-Based, Avoiding Arbitrary Guesswork.

September 14, 2018

Case Laws     Income Tax     AT

Best adjustment assessment - estimation of income - in a best judgment, even if, there is an element of guess work, it should not be a wild one, but shall have reasonable nexus to the available material and circumstances of each assessee.

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