Once the sales are accepted, the entire undisclosed purchases ...

Case Laws Income Tax

July 16, 2015

Once the sales are accepted, the entire undisclosed purchases cannot be added for computing the income of the assessee except by applying a profit rate i.e. gross profit as declared by assessee in regular books of account or the gross profit declared by other concerns in the similar trade. - AT

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Once the sales are accepted, the entire undisclosed purchases ...

Case Laws Income Tax

July 16, 2015

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