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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Addition on account of low Net profit ratio – The onus is upon ...

Case Laws     Income Tax

November 4, 2013

Addition on account of low Net profit ratio – The onus is upon the Revenue to show that either the books of account maintained by the assessee were incorrect or incomplete or that the method of accounting adopted by him was such that true profits of the assessee cannot be deduced therefrom - AT

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