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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Addition on account of fall in GP - The AO has not invoked ...


AO's Failure to Invoke Section 145(3) Invalidates Use of Decreased Gross Profit Rate for Application.

October 14, 2014

Case Laws     Income Tax     AT

Addition on account of fall in GP - The AO has not invoked section 145(3) in its terms - Therefore, fall in G.P. rate cannot be made a reason for involving section 145(3) - AT

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