Section 75 - Incomplete or Incorrect Accounts, etc.
(1) Nothing in this Chapter shall prevent from the power of the Income-tax Authority to disregard any return, statement or document furnished by a taxpayer, or the said claim during audit or assessment proceedings, if it is not verifiable.
(2) Where no conventional method of accounting method is followed, or the Deputy Commissioner of Taxes is not satisfied as to the correctness or completeness of the accounts of the taxpayer, or the accounts of the taxpayer have not been prepared and maintained in accordance with the provisions of section 72(3), in such manner as the Deputy Commissioner of Taxes may think fit, shall assess the taxpayer’s tax.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.