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2012 (6) TMI 536 - AT - Income TaxAddition towards other heads of expenditure debited to the profit and loss a/c – Held that:- once the books of accounts were rejected, the very same books of accounts cannot be a basis for making any addition in the case of Indwell Constructions (1998 - TMI - 17056 - ANDHRA PRADESH High Court - Income Tax) when the profit is estimated by rejecting the books of account, all the expenditure including other heads of expenditure deem to be allowed. Therefore, once the profit is estimated, there should not be any further addition on this count. Cross Objection filed by the assessee stands allowed.
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