Block assessment - Unexplained investment - estimated profit on ...

Court Dismisses Block Assessment Due to Lack of Evidence; Additions Based on Speculation and Guesswork Deemed Invalid.

August 1, 2012

Case Laws Income Tax AT

Block assessment - Unexplained investment - estimated profit on difference in work in progress - It is only on the basis of hypothetical assumptions and the additions are purely on guess work and without any material evidences. - AT

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Block assessment - Unexplained investment - estimated profit on ...

Court Dismisses Block Assessment Due to Lack of Evidence; Additions Based on Speculation and Guesswork Deemed Invalid.

August 1, 2012

Case Laws Income Tax AT

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