Sponsored
    Follow Us:

Case Law Details

Case Name : Meena Jewellers Extension Private Limited Vs ACIT (ITAT Hyderabad)
Related Assessment Year : 2017-18
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Meena Jewellers Extension Private Limited Vs ACIT (ITAT Hyderabad)

ITAT Hyderabad held that resorting to estimation of profit in case of best judgement assessment without rejection of books of accounts is unjustifiable. Accordingly, matter set aside to the file of the lower authorities for reconsideration of the issue.

Facts- The assessee is into the business of trading in jewellery. Due to non-response and compliance from the assessee, the AO has completed the assessment u/s 144 of the Act on 29.12.2019 and determined total loss of the assessee under normal

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
April 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930