{"id":14826,"date":"2021-01-03T16:15:57","date_gmt":"2021-01-03T16:15:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/andhra-pradesh-tourism-development-corporation-ltd-v-dy-cit-202082-itr-31-sn-hyd-trib\/"},"modified":"2021-01-03T16:15:57","modified_gmt":"2021-01-03T16:15:57","slug":"andhra-pradesh-tourism-development-corporation-ltd-v-dy-cit-202082-itr-31-sn-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/andhra-pradesh-tourism-development-corporation-ltd-v-dy-cit-202082-itr-31-sn-hyd-trib\/","title":{"rendered":"Andhra Pradesh Tourism Development Corporation Ltd. v. Dy. CIT (2020)82 ITR 31 (SN) (Hyd) (Trib)"},"content":{"rendered":"<p>Allowing\u00a0 the\u00a0 appeal the Tribunal held that\u00a0 when the audited books of a account were furnished , the books could not have been ignored and rejected without assigning any reasons and the assessee\u2019s income determined on \u00a0an estimate basis. The Assessing Officer has to determine the total income , based on the audited books of \u00a0account in accordance with law after providing reasonable opportunity of \u00a0hearing. ( AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 144 : Best judgment assessment \u2013 Books of account audited \u2013 Income estimated on the basis of estimate basis is held to be not justified \u2013 Income has to be determined as per the audited books of account in accordance with law [ S.271B ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-14826","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3R8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=14826"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14826\/revisions"}],"predecessor-version":[{"id":14827,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14826\/revisions\/14827"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}