Court Rejects Assessee's and Officer's Reports for Lack of Sound Accounting and Independent Verification in Tax Assessment.

Court Rejects Assessee's and Officer's Reports for Lack of Sound Accounting and Independent Verification in Tax Assessment. https://www.taxtmi.com/highlights?id=5101 Estimation of profit - valuation of stock - book results cannot be accepted as the valuation of stock shown by the assessee is not based on any sound accounting principle and AO’s version cannot be accepted for want of any independent findings - AT en-us Mon, 03 Sep 2012 08:28:19 +0530 Mon, 03 Sep 2012 08:28:19 +0530 TaxTMI RSS Generator Court Rejects Assessee's and Officer's Reports for Lack of Sound Accounting and Independent Verification in Tax Assessment. https://www.taxtmi.com/highlights?id=5101 Estimation of profit - valuation of stock - book results cannot be accepted as the valuation of stock shown by the assessee is not based on any sound accounting principle and AO’s version cannot be accepted for want of any independent findings - AT Highlights Income Tax Mon, 03 Sep 2012 08:28:19 +0530 https://www.taxtmi.com/highlights?id=5101