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AO was justified in rejecting books of account if assessee failed to produce books during scrutiny assessment

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  • AO was justified in rejecting books of account if assessee failed to produce books during scrutiny assessment
Posted onon April 14, 2017

Tenet Tax Daily April 11 2017

By tenettax-team
Corporate Tax

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Unabsorbed depreciation of earlier years to be allowed as deduction while computing book profits: HC
No concealment penalty if assessee duly paid tax after realizing that travelling expense was untenable: HC

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