Assessment proceedings conducted by non-jurisdictional officer - ...

Jurisdictional defects ignored, bogus expenses disallowed, profit estimation not justified.

Case Laws Income Tax

November 11, 2024

Assessment proceedings conducted by non-jurisdictional officer - Assessee participated without challenging jurisdiction - Assessment order valid as per Supreme Court ruling in DCIT vs. Kalinga Institute case. Bogus expenses - Assessee provided incomplete addresses, similar PAN numbers for different vendors - Disallowance of Rs. 20 lakhs justified considering totality of facts, assessee's inability to substantiate expenses despite reasonable profit rate declared. Estimation of 25% profit by authorities not warranted.

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Assessment proceedings conducted by non-jurisdictional officer - ...

Jurisdictional defects ignored, bogus expenses disallowed, profit estimation not justified.

Case Laws Income Tax

November 11, 2024

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