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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Exclusion of Sales inflation figure from the assessee’s income - ...


High Court: Special Auditor's Report Justifies Exclusion of Sales Inflation from Income, Overruling Regular Audit Figures.

March 1, 2018

Case Laws     Income Tax     HC

Exclusion of Sales inflation figure from the assessee’s income - Special Auditor’s Report relied upon - Merely because the assessee’s income was audited by the chartered accountants in regular process, there cannot be unqualified acceptance of the audited figures - HC

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