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2014 (6) TMI 1008 - HC - Income TaxBest judgement assessment - Invoking provisions u/s 145(3) - application of profit rate of 3% on the estimated sale - AO has disbelieved the Account book submitted by the assessee mainly on the ground that sales are not supported by proper vouchers - Held that the sales are controlled and regulated by Excise Department and as there is no discrepancy in the stock register maintained and the Excise Department did not find any discrepancy - AO committed an error in disbelieving the Account book only on the ground that sales vouchers has not proper - there was no sufficient ground with the AO for invoking provisions u/s 145(3) - Decided in favor of assessee
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