Estimation of income - NP determination - non rejection of books ...

No Evidence of Income Concealment Found in Section 132 Search; Taxpayer's Books of Account Accepted Without Estimation.

February 19, 2021

Case Laws Income Tax AT

Estimation of income - NP determination - non rejection of books of accounts - The assessee has maintained regular books of account which are duly audited. A search u/sec. 132 was conducted but no evidence was found indicating concealment of income. - there is no basis for estimation of income - AT

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Estimation of income - NP determination - non rejection of books ...

No Evidence of Income Concealment Found in Section 132 Search; Taxpayer's Books of Account Accepted Without Estimation.

February 19, 2021

Case Laws Income Tax AT

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