Peak Credit and telescoping theories in assessment proceedings under Income Tax.

2 comments Sunday, January 15, 2012

There may be some cases under Income Tax Assessment proceedings where there are a large number of unexplained credit and debit enteries of a person standing in books of account of an assessee. In such case the AO may tend to add all the aggregate enteries as unexplained income.

Read On
Subscribe to: Posts ( Atom )