Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (1) TMI 354 - KERALA HIGH COURTChitty business - entire books of accounts not produced by assessee - AO has accepted the profit and loss account and made certain additions based on a guess work - addition towards undistributed dividend on estimated basis – addition towards foreman’s commission on estimation basis – addition made on assumption of facts, is not justified, hence they are set aside - remand the matter to the Assessing Officer for reconsideration - petitioner is directed to produce books of accounts
|