Section 28 Assessment: No Income Additions for Assessee as Reported Receipts Align with Audited Books, No Defects Found.

Section 28 Assessment: No Income Additions for Assessee as Reported Receipts Align with Audited Books, No Defects Found. https://www.taxtmi.com/highlights?id=67844 Addition u/s 28 - difference between receipts as per 26 AS and as per books of accounts - The assessee is maintaining regular books of accounts audited by independent chartered accountant which normally to be taken as correct unless there are adequate reason to indicate that the same is incorrect or unreliable. It is not the case of the A.O. that there are a specific defect or discrepancies in the books of accounts of the assessee. - No additions - AT en-us Sat, 21 Jan 2023 15:02:00 +0530 Sat, 21 Jan 2023 15:02:00 +0530 TaxTMI RSS Generator Section 28 Assessment: No Income Additions for Assessee as Reported Receipts Align with Audited Books, No Defects Found. https://www.taxtmi.com/highlights?id=67844 Addition u/s 28 - difference between receipts as per 26 AS and as per books of accounts - The assessee is maintaining regular books of accounts audited by independent chartered accountant which normally to be taken as correct unless there are adequate reason to indicate that the same is incorrect or unreliable. It is not the case of the A.O. that there are a specific defect or discrepancies in the books of accounts of the assessee. - No additions - AT Highlights Income Tax Sat, 21 Jan 2023 15:02:00 +0530 https://www.taxtmi.com/highlights?id=67844