HIGHLIGHT ON SECTION 145 OF INCOME TAX ACT, 1961
INCOME CAN BE DETERMINED ON ESTIMATION BASIS ONLY AFTER REJECTION OF BOOKS OF ACCOUNT WITH A VALID REASON Section 145 of the Income-tax Act, 1961 – Method of accounting – Rejection of accounts[2015]Reconciliation of quantitative details:- Where details contained in Form 3CEB were with reference to the royalty paid/payable by assessee-company and not details of …