No Estimation of Gross Profit without Rejection of Books of Account u/s 145(3): ITAT [Read Order]

Gross Profit - Books of Account - ITAT - Taxscan

The Cuttack Bench of Income Tax Appellate Tribunal has held that no estimation of gross profit without rejection of books of account u/s 145(3). The assessing officer made an addition to the total income of the assessee, Smt B. Sujata Subudhi, representing estimation of gross profit on account of non-availability of stock register. Aggrieved assessee…

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