Assessee failed to Prove Audit Books under any Law, clause (a)(ii) of Section 139(1) of Income Tax Act not applicable: ITAT [Read Order]

Audit book - Law - Income Tax Act - ITAT - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee failed to prove the audit books under any law and clause (a)(ii) of section 139(1) of the Income Tax Act,1961 not applicable. Tikona Trust, the assessee trust is a “private trust” and had filed a return of income on 31st…

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