E-commerce sales below cost can't be questioned by officers without evidence u/s 145(3); income addition deleted.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....E-commerce business - Selling at a price lower than the cost price - unless certain provisions such as Section 145(3)are invoked, the AO is not empowered to go beyond the book results - there is no provision by which the Revenue can ignore the sale price declared and proceed to enhance the sale price without any material before him to show that the Assessee has in fact realized higher sale price - addition deleted....