Case Law Details
Case Name : Priyamda Media & Infotainment Private Limited Vs DCIT (ITAT Delhi)
Related Assessment Year : 2014-15 & 2014-15
Courts :
All ITAT ITAT Delhi
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Priyamda Media & Infotainment Private Limited Vs DCIT (ITAT Delhi)
ITAT Delhi held that without pointing out any specific defect in the audited books of accounts, AO cannot and should not make any estimated addition. Accordingly, such estimated addition deleted.
Facts- The assessee is engaged in the business of News Network, broadcasting and telecasting. The return was selected for scrutiny and assessment. Notably, where the parties have confirmed the lesser amount the
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