Rejection of books of account - The steep decline in the rate ...

Court Upholds Rejection of Books Due to Unexplained Profit Decline; Profit Estimation by Officer Deemed Reasonable.

December 14, 2013

Case Laws Income Tax HC

Rejection of books of account - The steep decline in the rate of net profit cannot be attribute to the increase in input costs - The estimation of profit by the AO is reasonable - The order of rejection is not required to be expressed - HC

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Rejection of books of account - The steep decline in the rate ...

Court Upholds Rejection of Books Due to Unexplained Profit Decline; Profit Estimation by Officer Deemed Reasonable.

December 14, 2013

Case Laws Income Tax HC

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