Once assessee has filed all the details and the audit report and ...
Taxpayers with complete audit reports and explanations should not face arbitrary income estimates or expense disallowances.
February 1, 2019
Case Laws Income Tax AT
Once assessee has filed all the details and the audit report and has given explanation with regard to each and every entry of the trading account including expenses incurred with evidences, then no adhoc estimation of income or disallowance of expenses can be made.
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