Friday, June 20, 2014

[aaykarbhavan] HC rejects ad hoc additions to income of transporter without considering his contracts with parties



HC rejects ad hoc additions to income of transporter without considering his contracts with parties

June 20, 2014[2014] 45 taxmann.com 398 (Jharkhand)
IT : Where in case of assessee, a transporter, authorities below having rejected books of account, estimated income at rate of Rs. 3 per metric ton received as commission, in view of fact that said addition was not based on agreement entered into by assessee with goods owners, same was to be set aside and, matter was to be remanded back for disposal afresh
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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