Assessment u/s 144 - estimation of income - Method of accounting ...

Court Upholds ITAT Decision: AO's Additions Unjustified Without Rejection of Books; Revenue's Appeals Dismissed.

March 4, 2024

Case Laws Income Tax HC

Assessment u/s 144 - estimation of income - Method of accounting - Non rejection of books of account - disallowance of expenses, addition of inflated purchases and protective addition of cash found and seized - The court dismissed the appeals of the Revenue, upholding the view taken by the ITAT. It concluded that the additions made by the AO without rejecting the books of account were not justified. This

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Assessment u/s 144 - estimation of income - Method of accounting ...

Court Upholds ITAT Decision: AO's Additions Unjustified Without Rejection of Books; Revenue's Appeals Dismissed.

March 4, 2024

Case Laws Income Tax HC

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