This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
AO cannot estimate GP rate without rejection of books & without showing defects
Case Law Details
- Case Name
- Sanjay Agrawal Vs DCIT (ITAT Raipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Raipur
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Sanjay Agrawal Vs DCIT (ITAT Raipur)
Sanjay Agrawal Vs DCIT (ITAT Raipur) – Rejection of books, arbitrary income estimation, and legal principles – AY 2012-13.
There are large number of decisions which say in unison that AO cannot estimate gross profit rate without rejection of books and without showing defects. In CIT v. Paradise Holidays [2010] 325 ITR 13 (Delhi), the hon’ble Delhi High Court has held that if accounts which are regularly maintained in the course of business and are duly audited, free from any qualification by the auditors, should normally be taken as correc...
