Disallowance u/s 40(a)(ia) - Rejection of books of accounts - ...
Case Laws Income Tax
June 19, 2019
Disallowance u/s 40(a)(ia) - Rejection of books of accounts - Once x net profit is estimated by applying net profit rate after rejecting the book results, no disallowance could be made separately for other expenses, as the profit element already stands considered during the application of net profit rate
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