Partially rejection of books - assessee incurred the expenses ...

Assessing Officer cannot partially reject books; must estimate income from both sources if accounts are rejected.

March 30, 2019

Case Laws Income Tax AT

Partially rejection of books - assessee incurred the expenses for it’s two activities hence AO cannot reject books partially and if the books of the accounts are rejected then the income from both the sources needs to be estimated and no separate addition for commission payment or u/s 41(1) is called for

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Partially rejection of books - assessee incurred the expenses ...

Assessing Officer cannot partially reject books; must estimate income from both sources if accounts are rejected.

March 30, 2019

Case Laws Income Tax AT

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