Profit cannot be estimated without rejecting books of Account

Bulu Ghosh Vs ITO (ITAT Kolkata)

Introduction: In the case of Bulu Ghosh vs. Income Tax Officer (ITO), ITAT Kolkata delivered a significant verdict concerning the estimation of profits without the rejection of books of accounts. This article provides a detailed analysis of the case and its implications.

Background: Bulu Ghosh, the appellant, filed the income tax return for the assessment year 2016-17, which was subsequently selected for scrutiny. The Asses

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