Assessing Officer Can't Reopen Entries in Company's Books u/s 115J(1A); Limited to Original Profit & Loss.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....MAT - AO power to recast the profit and loss account - Subsection (1A) of section 115J does not empower the Assessing Officer to embark upon a fresh enquiry in regard to the entries made in the books of account of the company - HC....