https://www.taxtmi.com/caselaws?id=362459 The High Court of Calcutta upheld the addition to income based on audited balance-sheet figures, emphasizing accurate financial reporting and adherence to professional standards by chartered accountants. The judgment highlights the importance of consistency in financial reporting for tax assessments and underscores the consequences of misrepresentation in financial disclosures for loan applications and tax purposes. en-us Thu, 21 Jun 2018 00:00:00 +0530 Tue, 12 Mar 2019 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362459 The High Court of Calcutta upheld the addition to income based on audited balance-sheet figures, emphasizing accurate financial reporting and adherence to professional standards by chartered accountants. The judgment highlights the importance of consistency in financial reporting for tax assessments and underscores the consequences of misrepresentation in financial disclosures for loan applications and tax purposes. Case-Laws Income Tax Thu, 21 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362459