This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
AO’s 4% Profit Estimation Without Book Rejection is invalid: ITAT Jaipur
Case Law Details
- Case Name
- Kunan Mal Kalu Ram Jain and Company Vs ITO (ITAT Jaipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Jaipur
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Kunan Mal Kalu Ram Jain and Company Vs ITO (ITAT Jaipur)
In a significant ruling by the Income Tax Appellate Tribunal (ITAT) Jaipur, the case of Kunan Mal Kalu Ram Jain and Company vs. Income Tax Officer (ITO) was adjudicated. This landmark ruling revolves around the rejection of profit estimation by the Assessing Officer (AO) without rejecting the books of accounts maintained by the assessee. The appeal stems from an order passed under section 143(3) r.w.s 143(3A) & 143(3B) of the Income Tax Act, related to the assessment year 2018-19.
Background and Dispute: The appellan...
Author Info
