AO cannot make any estimated Income addition without pointing out specific defects in the Audited Book: ITAT [Read Order]

AO - Income addition - specific defects - Audited Book-ITAT-TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessing officer (AO) cannot make any estimated addition without pointing out specific defects in the audited book. Priyamda Media & Infotainment Private Limited, the Appellant assessee is engaged in the business of News Network, broadcasting and telecasting.  The return for the year…

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