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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Rejection of books of accounts – Inflation of price - sales have ...


Court Upholds Rejection of Books Due to Discrepancies: Sales Up 29%, Manufacturing Costs Up 45.93%, Suggesting Price Inflation.

May 22, 2014

Case Laws     Income Tax     HC

Rejection of books of accounts – Inflation of price - sales have increased by 29% but manufacturing expenses have increased by 45.93% - order of tribunal confirmed - HC

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