Thursday 26 December 2013

No addition on ex-parte basis under sec. 145 if AO failed to find defects either in books or in acco

IT : Where Assessing Officer did not point out any specific defect in books of account or method of accounting consistently followed by assessee and no inflated purchases or suppressed sales or expenses not incurred for business purposes were found, provisions of section 145(3) were not applicable


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