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Ask your queries or reply to others' queries => Discussion => Topic started by: rajul5234 on July 23, 2016, 10:37:37 PM

Title: s. 145 and specific additions
Post by: rajul5234 on July 23, 2016, 10:37:37 PM
Guj. H. C. TA 1255/2009 & others. Dt. 1/7/16, Prashant oil mill.

Held, If books are rejected u/s 145, specific additions cannot be made based on those books and best judgement is to be done on basis of history and nature of business and net profit rate in previous year.

R K Patel