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Income Tax - Highlights / Catch Notes

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Rejection of books of accounts - substantially increase in the ...


Appellant's Expense Increase Rejection Overturned; Books Already Examined and Accepted, No Income Additions Needed.

May 11, 2022

Case Laws     Income Tax     AT

Rejection of books of accounts - substantially increase in the expenses - he books of accounts and the financial result of appellant have already been examined and accepted that the APA. Nothing came into noticed to which it can be assumed that the finding of the CIT(A) is incorrect. The facts are not distinguishable at this stage. - No additions - AT

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