Income Tax | ITAT Ahmedabad Upholds Rejection of Books and 10% Profit Estimation for Builder

ITAT Ahmedabad upheld rejection of books of accounts under section 145(3) and estimation of net profit at 10% of turnover, holding that undisclosed loss exceeding Rs.30 lakh also falls within the CBDT jurisdiction threshold. The post ITAT Ahmedabad Upholds Rejection of Books and 10% Profit Estimation for Builder appeared first on TaxGuru .