This Blog is created on 2010 with a view to give updates to the members on various topics related to Taxation i.e. Direct Tax, Indirect Tax and International Taxation.
Also will share the view on controversial topics among the Tax Managers , CA's and CA students.
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Monday, December 13, 2010
Assessment Proceesing : Addition on account of Guess Work
Supreme Court in Dhakeshwari Cotton Mills 26 ITR 775 had given a priciple that in making the assessment ITO is not entitled to make pure guess and make an assessment without return or any evidence or material.
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