Disallowance u/s 40(a)(ia) - Rejection of books of accounts - ...

Tax Case: No Separate Disallowance for Expenses After Net Profit Rate Applied u/s 40(a)(ia.

June 19, 2019

Case Laws Income Tax AT

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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Disallowance u/s 40(a)(ia) - Rejection of books of accounts - ...

Tax Case: No Separate Disallowance for Expenses After Net Profit Rate Applied u/s 40(a)(ia.

June 19, 2019

Case Laws Income Tax AT

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