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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Disallowance u/s 40 (a) (ia) when books of accounts was rejected ...

Case Laws     Income Tax

August 20, 2019

Disallowance u/s 40 (a) (ia) when books of accounts was rejected - if the profit is estimated on any ground, it is not open to the Revenue to assert any right to allow or disallow any deductions once the books of accounts are rejected, such an option would arise only in the event the books of accounts are accepted

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