Tax Authority Accepts Reported Gross Sales; License Fee Deduction Allowed for Taxpayer's Ledger Account.

Addition u/s 69C - payment of License Fee - When the AO has accepted the gross sales reflected by the assessee in its ledger account and also not doubted the License Fee shown in the ledger account, there was no occasion to deny the benefit of the payment of License Fee which was reduced from the gross sales by the assessee. - AT .....

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