Home / 
Assessing Officer Cannot Use Section 69 for Unaccounted Turnover; Only Embedded Profit Can Be Taxed.
X X X X Extracts X X X X
X X X X Extracts X X X X
....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.....
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
TaxTMI