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Case Law Details

Case Name : Parle Products Pvt. Ltd. vs. ACIT (ITAT Mumbai)
Appeal Number : ITA No.6821/Mum/2004
Date of Judgement/Order : 22/01/2018
Related Assessment Year : 1998-99 to 2010-11
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Advocate Akhilesh Kumar Sah

Parle Products Pvt. Ltd. vs. ACIT (ITAT Mumbai)

ITAT Mumbai held in the case of Parle Products Pvt. Ltd. vs. ACIT that Making addition on estimate basis by rejecting the books of account in the absence of any adverse material brought on record cannot stand.

In Parle Products Pvt. Ltd. vs. ACIT [ITA No.6821/Mum/2004 and other appeals, decided on 22.01.2018], one of the ground raised was the CIT(A) erred in confirming the action of Assessing Officer(AO) in rejecting the book results of the appellant. He erred in holding that the books of accounts cannot be said to be complete.

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One Comment

  1. Tarunkumar D Trivedi says:

    Sir,
    Really you are selecting very useful judgments in day to day practice as well as advising and guiding clients. Thanks lot.

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