Unaccounted investment and unaccounted profit out of unaccounted ...

Appellate Authority Upholds CIT(A) Decision to Accept Entity's Financials Despite Power Consumption Discrepancies Exceeding 15% Limit.

November 25, 2020

Case Laws Income Tax AT

Unaccounted investment and unaccounted profit out of unaccounted production - The issue of rejection of books of account based on difference in power consumption of the relevant previous year turning act to be excessive than the so called tolerable limit of 15 % is no more res-intgra. - No infirmity in the order of the CIT(A) while directing the Assessing officer to accept the books results shown by the assessee for this year also and to delete the additions made by the AO - AT

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Unaccounted investment and unaccounted profit out of unaccounted ...

Appellate Authority Upholds CIT(A) Decision to Accept Entity's Financials Despite Power Consumption Discrepancies Exceeding 15% Limit.

November 25, 2020

Case Laws Income Tax AT

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