Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2012 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (5) TMI 394 - DELHI HIGH COURTTrading additions - rejection of books of accounts - held that:- The first two reason recorded by the Assessing Officer by themselves do not justify rejection of the books of accounts. Low gross or net profit may be a ground or reason to conduct a detailed and thorough investigation and verification, but on stand alone basis cannot be a ground for rejecting the books. - Decided in favor of assessee.
|