Assessing Officer Cannot Use Section 69 for Unaccounted Turnover; Only Embedded Profit Can Be Taxed.

Assessing Officer Cannot Use Section 69 for Unaccounted Turnover; Only Embedded Profit Can Be Taxed. https://www.taxtmi.com/highlights?id=43092 In case of unaccounted turnover, only addition of profit embedded therein can be made - in such circumstances Assessing Officer cannot take resort to Section 69 of the Act. en-us Wed, 05 Dec 2018 10:15:20 +0530 Wed, 05 Dec 2018 10:15:20 +0530 TaxTMI RSS Generator Assessing Officer Cannot Use Section 69 for Unaccounted Turnover; Only Embedded Profit Can Be Taxed. https://www.taxtmi.com/highlights?id=43092 In case of unaccounted turnover, only addition of profit embedded therein can be made - in such circumstances Assessing Officer cannot take resort to Section 69 of the Act. Highlights Income Tax Wed, 05 Dec 2018 10:15:20 +0530 https://www.taxtmi.com/highlights?id=43092