Mere decline in gross profit rate and uneven increase in exp. won't be a valid ground to reject audited book-result
IT : Where assessee maintained regular books of account which were duly audited, decline in gross profit and disproportionate increase in expenses in certain heads cannot, by itself, be ground to reject book results
IT : Variation in consumption of fuel in relevant year does not, by itself, empower Assessing Officer to assume some undisclosed production so as to make addition to book result
IT : Electric installations that were part of plant and machinery, are eligible to depreciation as plant and machinery
Regards
Prarthana Jalan
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