387 ITR

Income Tax Case Laws, Section 145

Punjab & Haryana H.C : the order of the Ld. CIT(A) deleting the addition of Rs. 2,69,00,000/- made on account of low G.P. rate, especially in view of its own decision of upholding the rejection of books of account in terms of section 145(3) of the Income Tax Act, 1961 and reversing the decision of the Ld. CIT(A) on this ground but not upholding the consequential estimation of income by the AO even though there are serious defects in assessee’s accounts

High Court Of Punjab And Haryana CIT vs. Smt. Satish Bala Malhotra Section : 145 Assessment Year : 2006-07 S.J.

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