[aaykarbhavan] NO SEC 68 WHEN BOOKS OF ACCOUNTS REJECTED

CIT Vs Dulla Ram, Labour Contractor

Income Tax - Sections 68, 260A - undisclosed income - unexplained credit - Whether after rejection of books of accounts, an Assessing Officer can make any further addition on account of unexplained entries treating them as undisclosed income from other sources by invoking Section 68 of the Act - Whether account books once rejected are ruled out of consideration - Whether they can be further considered by the assessee or revenue, during assessment proceedings - Whether in case account boo ks are rejected, entries in the account books whether suspicious or not cannot be relied upon. - Revenue's appeal dimissed:PUNJAB & HARYANA HIGH COURT

 

Regards

Prarthana Jalan

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