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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Rejection of books of accounts – Merely assuming that the buyer ...


Rejection of Accounts Based on Assumed Collusion Invalid Without Evidence, Cannot Compel Assessee to Disprove.

January 24, 2014

Case Laws     Income Tax     AT

Rejection of books of accounts – Merely assuming that the buyer and seller might have connived with each other, cannot itself be a ground to call upon the assessee to disprove such type of assumption which is even not based on any relevant incriminating evidence or fact on the file - AT

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