Addition relating to shifting of profits made - AO has not ...

Case Laws Income Tax

August 26, 2015

Addition relating to shifting of profits made - AO has not brought any material on record to show that the assessee had received back corresponding amount equivalent to the amount of profit claimed to have been shifted to the clients. The AO has mainly relied upon the report given by the MCX and has drawn adverse conclusions without bringing any material to support his view. - AT

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Addition relating to shifting of profits made - AO has not ...

Case Laws Income Tax

August 26, 2015

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