Case Law Details
Case Name : CIT Vs M/s Swastik Food Products (Himachal Pradesh High Court)
Related Assessment Year :
Courts :
All High Courts Himachal Pradesh HC
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Brief of the case:
The Hon’ble Himachal Pradesh High Court in the case of CIT vs. Swastik Foods held that the rejection of basis by merely expressing a doubt about the correctness of profit declared taking inconsistent GP ratio as basis cannot be a said to be rejection of books for incompleteness or incorrectness. Therefore, such rejection is not in line with Sec 145(3) and thus, bad in law.
Facts of the case:
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