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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Addition made on inflation of purchases of raw material u/s. 69 ...


Commissioner of Income Tax (Appeals) mistakenly used input-output ratio; section 69 addition on raw material inflation deleted.

March 16, 2016

Case Laws     Income Tax     AT

Addition made on inflation of purchases of raw material u/s. 69 - CIT(A) has wrongly relied on the input output consumption ratio - addition deleted - AT

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