Assessee Must Justify Non-Production of Books During Survey to Avoid Negative Inference.

Assessee Must Justify Non-Production of Books During Survey to Avoid Negative Inference. https://www.taxtmi.com/highlights?id=15809 Rejection of books of accounts - It is incumbent upon the assessee to offer plausible explanation as to why they were not produced at the time of survey. The burden is on the assessee to show as to why no adverse inference should be drawn - HC en-us Fri, 15 Nov 2013 21:32:42 +0530 Fri, 15 Nov 2013 21:32:42 +0530 TaxTMI RSS Generator Assessee Must Justify Non-Production of Books During Survey to Avoid Negative Inference. https://www.taxtmi.com/highlights?id=15809 Rejection of books of accounts - It is incumbent upon the assessee to offer plausible explanation as to why they were not produced at the time of survey. The burden is on the assessee to show as to why no adverse inference should be drawn - HC Highlights VAT and Sales Tax Fri, 15 Nov 2013 21:32:42 +0530 https://www.taxtmi.com/highlights?id=15809