CIT(Appeals) Misinterprets Assessee's Statement, Overlooking Accurate Accounts; Advised to Finalize Profit and Loss Account.

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....Estimation of income - Addition on statement during the course of survey - CIT(Appeals) had wrongly read the statement of the assessee and have further failed to appreciate the accounts were duly admitted and acknowledged by the assessee as correct. Hence, the right course would be for the Ld. CIT(Appeals) to freeze the profit and loss account of the assessee upto the date of statement - AT....