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AO couldn’t make addition on estimated basis without rejecting books of account

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  • AO couldn’t make addition on estimated basis without rejecting books of account
Posted onon November 22, 2014

Tenet Tax Daily November 21 2014

By tenettax-team
Corporate Tax

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No sec. 192 TDS on sums paid to consultant-doctors even if agreement prohibits them from taking other assignments
No penalty if value of excess stock found during survey had been surrendered by assessee and accepted by revenue

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