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Income Tax - Highlights / Catch Notes

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Assessment u/s 153A pursuant to search - estimation of rate of ...


Net Profit Rate Set at 8% After Section 153A Assessment; Revised Returns Deemed Unfair and Unreasonable.

October 8, 2013

Case Laws     Income Tax     AT

Assessment u/s 153A pursuant to search - estimation of rate of net profit - The net profit rates shown by the appellant in the revised returns are considered as unfair and unreasonable - estimated at 8% - AT

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