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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Estimation of sales and net profit - filing return u/s 44AD - AO ...

Income Tax

April 20, 2018

Estimation of sales and net profit - filing return u/s 44AD - AO estimated the actual sales of ₹ 86 lacs instead of ₹ 19 lacs - when no books of accounts are maintained by the assessee and return is filed under section 44AD of the Act, we are not in a position to sustain the order estimating the sales which has no basis at all. - AT

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