Tribunal rightly estimated Profit at the rate of 2% of Total Credits: Gujarat High Court [Read Order]

The Gujarat High Court held that the tribunal rightly estimated the income at the rate of 2% of the amount deposited with the bank. A huge amount of cash credits was found in the bank account of the assessee, Shitalben Saurabh Vora. In such circumstances, the notice under Section 148 of the Act, 1961 was […]

from Taxscan | Simplifying Tax Laws https://ift.tt/36I0x23