ITAT Chennai held that once the books of accounts have been rejected and the profits are being estimated, then no further separate disallowance u/s 40A (3) or 40 (a) (ia) of the Income Tax Act is ...
Jurisdictional Limitations: The Tribunal reiterated that the PCIT cannot expand the scope of assessment beyond the reasons recorded by the AO during the reassessment process. Thus, any claims ...