AO cannot estimate profits, merely because audited books of accounts, are misplaced: ITAT
0
AO cannot estimate profits, merely because audited books of accounts, are misplaced: ITAT Krishna Mohan Choursiya vs. ITO ( ITA…
merely because audited books of accounts
Recent Posts
- Loans or Cash Credits as Deemed Income under Section 68: A Practical Perspective
- Whether charging abnormally high rate is an offence in India?
- Bank Nomination Blues? Now You Can Say “We 4” Instead of “Me 1”!
- Reassessment Notice Beyond “Surviving Period” Held Time-Barred: ITAT Chennai in Smt. L.N. Santhi’s Case
- Relief Without the 20%: Karnataka HC’s Landmark Ruling on Stay of Demand Offers Practical Breather to Taxpayers
- Un-utilized Input Tax Credit (ITC) remaining after payment of all tax, interest, and penalties must be refunded to the taxpayer upon closure of business: Sikkim High Court
- Penalty U/s 122 of the CGST Act can be imposed even if no tax is ultimately found due under Section 74?
- Receipts from outside India are outside the scope of Section 5(2) and do not fall within the ambit of Section 68 or 69A.
- Section 56(2)(x) talks about immoveable property and so Purchase of Rural agricultural land below its stamp duty valuation is taxable
- Property Planning at 70: A Will, A Co-owner, or A Tax Tangle?
