Estimation of income - alleged commission income on ...

Income Estimation u/s 145(3) Invalidated Due to Lack of Substantial Evidence by Assessing Officer.

August 12, 2019

Case Laws Income Tax HC

Estimation of income - alleged commission income on accommodation entry - though Section 145(3) gives discretion to the AO to make an assessment in the manner provided in Section 144, yet this discretion cannot be exercised arbitrarily - there should be any material for the basis adopted by the AO or the Tribunal and the material which is irrelevant or which amounts to mere guesswork or conjecture is no material - addition deleted

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Estimation of income - alleged commission income on ...

Income Estimation u/s 145(3) Invalidated Due to Lack of Substantial Evidence by Assessing Officer.

August 12, 2019

Case Laws Income Tax HC

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