Merely because the Assessee did not submit a reply at the appropriate stage cannot, on the facts of this case, lead to any adverse conclusion against the Assessee

Merely because the Assessee did not submit a reply at the appropriate stage cannot, on the facts of this case, lead to any adverse conclusion against the Assessee https://www.taxtmi.com/news?id=346 Failure to respond to an assessing officer's query cannot alone justify additions to compute adjusted book profit; additions for provisions like doubtful debts must be founded on the substantive facts and law rather than on the assessee's non reply, and procedural lapses should not substitute for an evidential or legal basis for increasing adjusted book profit. en-us Fri, 04 Apr 2008 01:24:00 +0530 Mon, 23 Jun 2008 18:45:00 +0530 TaxTMI RSS Generator Merely because the Assessee did not submit a reply at the appropriate stage cannot, on the facts of this case, lead to any adverse conclusion against the Assessee https://www.taxtmi.com/news?id=346 Failure to respond to an assessing officer's query cannot alone justify additions to compute adjusted book profit; additions for provisions like doubtful debts must be founded on the substantive facts and law rather than on the assessee's non reply, and procedural lapses should not substitute for an evidential or legal basis for increasing adjusted book profit. News - Fri, 04 Apr 2008 01:24:00 +0530 https://www.taxtmi.com/news?id=346