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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

U/s 144 book results cannot be rejected only on the ground of ...


Section 144: Book results stand firm despite changes in gross profit rates or differences across business lines.

January 10, 2019

Case Laws     Income Tax     HC

U/s 144 book results cannot be rejected only on the ground of decrease or difference in gross profit rate compared to other years or another assessee. Neither can the book results be rejected for the reason that gross or net profit rates in the two lines of business are different

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