No Evidence of Income Concealment Found in Section 132 Search; Taxpayer's Books of Account Accepted Without Estimation.

No Evidence of Income Concealment Found in Section 132 Search; Taxpayer's Books of Account Accepted Without Estimation. https://www.taxtmi.com/highlights?id=56795 Estimation of income - NP determination - non rejection of books of accounts - The assessee has maintained regular books of account which are duly audited. A search u/sec. 132 was conducted but no evidence was found indicating concealment of income. - there is no basis for estimation of income - AT en-us Fri, 19 Feb 2021 15:39:38 +0530 Fri, 19 Feb 2021 15:40:05 +0530 TaxTMI RSS Generator No Evidence of Income Concealment Found in Section 132 Search; Taxpayer's Books of Account Accepted Without Estimation. https://www.taxtmi.com/highlights?id=56795 Estimation of income - NP determination - non rejection of books of accounts - The assessee has maintained regular books of account which are duly audited. A search u/sec. 132 was conducted but no evidence was found indicating concealment of income. - there is no basis for estimation of income - AT Highlights Income Tax Fri, 19 Feb 2021 15:39:38 +0530 https://www.taxtmi.com/highlights?id=56795