[aaykarbhavan] AO can't make additions on estimations without rejecting books of account or directing special audit

AO can't make additions on estimations without rejecting books of account or directing special audit

March 28, 2014[2014] 42 taxmann.com 578 (Allahabad)

IT: Where audited books of account were not rejected or matter was not referred to special audit, Assessing Officer was not entitled to compute average interest on advances and to add difference between such average interest and interest actually charged

 

Regards

Prarthana Jalan

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