WebRejection There is no justification for rejecting assessees books of account or applying higher GP NP rate on the ground of decline in GP NP rate or the alleged difference in the accounts of the said three parties as assessee having explained www.Taxlok.com Contact No. 07597741801 WebTax Audit Series v. 3.0 - Ch-19- Clauses 37-39 by CA. Pramod Jain Q. whether the AO can reject the books of account u/s 145(3) for non furnishing quantitative details of inventory …
Smt. Nirmala Agarwal, Jaipur vs Assistant Commissioner Of …
WebAbeBooks.com: The Revised Reports, Being a Republication of Such Cases in the English Courts of Common Law and Equity, From the Year 1785, as Are Still of Practical Utility, … WebRejection of books of accounts u/s 145(3) - On money receipt - estimation of income - considering the facts that the project undertaken by the assessee comes under deduction … how to hollow out objects in blender
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WebJul 19, 2024 · Rejection of books of account u/s 145(3) and making a best judgment assessment assessment u/s 144 is a powerful tool in the hands of the Assessing Officer. … WebRejection of books of account u/s 145(3) - non maintenance of stock register was not sufficient for exercising the power of rejecting the books of the assessee. - It is not unusual for businesses dealing in large number of small items and operating at a small or medium scale to do away with the maintenance of any stock register since it is not feasible … WebJul 4, 2024 · 4) Similar issue arose in AY 2011-12 in the case of assessee and the matter travelled upto ITAT. In AY 2011-12, the ld AO rejected the books of account on the same ground. Ld CIT(A) upheld rejection of books of account. Honble ITAT has not upheld the rejection of the books of account. The findings of Honble ITAT are reproduced as under:- … how to hollow out a bread bowl