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
__._,_.___
receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.
To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com
No comments:
Post a Comment