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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Estimation of income based on best judgment assessment due to ...


Appellate authorities should avoid altering best judgment income estimates unless there are clear, compelling reasons.

May 10, 2016

Case Laws     Income Tax     AT

Estimation of income based on best judgment assessment due to rejection of books of accounts, should not be ordinarily interfered by appellate authorities, unless there are demonstratively cogent reasons to do so. - AT

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