Tax Guru

Cash Recorded in Books Cannot Be Treated as Half Unexplained Without Specific Findings: ITAT Kolkata

ITAT Patna set aside an arbitrary 50% addition on intercepted cash and remanded the matter for specific cash-book findings.
Tax Guru

ITAT Patna Rejects Arbitrary 50% Cash Addition, Remands for Cash Book Verification

ITAT Patna set aside an arbitrary 50% addition on intercepted cash and remanded the matter for specific cash-book findings.

I stopped creating cash flow statements from scratch every month.

Accounting work involves a mountain of tasks that require repeating the same procedures every month.Extracting data from the ...

Lecture 7: There Are Different Types of Profit

Learning Through Stories*The companies, stores, and individuals appearing here are fictional. The conversations and exercise ...