https://www.taxtmi.com/acts?id=9691 An amendment permits an assessee to claim lower profits and gains than the presumptive amount if the assessee keeps required books of account and other documents and furnishes the required audit report; upon that compliance the Assessing Officer shall proceed to make an assessment of the total income or loss through the regular assessment procedure and determine the sum payable by or refundable to the assessee. en-us Wed, 22 Oct 2008 08:56:23 +0530 Wed, 22 Oct 2008 08:56:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9691 An amendment permits an assessee to claim lower profits and gains than the presumptive amount if the assessee keeps required books of account and other documents and furnishes the required audit report; upon that compliance the Assessing Officer shall proceed to make an assessment of the total income or loss through the regular assessment procedure and determine the sum payable by or refundable to the assessee. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 08:56:23 +0530 https://www.taxtmi.com/acts?id=9691