Assessing Officer Can Use Broad Discretion u/s 144 for Income Assessment Beyond Profitability Metrics.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Best judgment assessment - rejection of books of accounts - There is no restricting words in Section 144 restricting the AO to only assess profitability after rejecting books of accounts to compute income of the assessee.....