Estimation of gross profit - the sale price of the product ...

Assessing Officer Must Consider Full Period Sales, Not Just Selling Price, When Estimating Gross Profit.

May 2, 2016

Case Laws Income Tax AT

Estimation of gross profit - the sale price of the product sometimes may be less than the purchase price when the market trend is going down. Therefore, based on the selling price, the AO cannot estimate the sales turnover for the part period by taking into account the remaining period sales - AT

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Estimation of gross profit - the sale price of the product ...

Assessing Officer Must Consider Full Period Sales, Not Just Selling Price, When Estimating Gross Profit.

May 2, 2016

Case Laws Income Tax AT

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