section 145 Rejection of books of Accounts

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..... can books of accounts be rejected if vouchers & supporting are not proper & only on that base, can best judgement be done? whether vouchers are regarded as part of Books of Accounts? - Reply By Surend .....

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..... er Gupta - The Reply = It is the gross nature of facts would help to decide the issue of rejecting books of account. Where few transaction are unverfiable and supporting are not proper, AO may make .....

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..... addition in respect of those only. But, again it is the whole background which would hep to decide the issue. You may refer to this case: COMMISSIONER OF INCOME TAX-VIII Versus M/S PARADISE HOLIDA .....

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..... YS ( 2010 -TMI - 75924 - DELHI HIGH COURT) where HC has said in similar circumstances, AO may disallow that particular expenditure which is not supported by evidence. - section 145 Rejection of .....

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..... books of Accounts - Query Started By: - Bhavna Mehta Dated:- 6-1-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Ma .....

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..... nagement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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