Low net profit ratio - AO has not pointed out any defect or ...

Case Laws Income Tax

June 25, 2016

Low net profit ratio - AO has not pointed out any defect or deficiency in the claim of expenditure nor any expenditure has been held as bogus by the AO. AO asked financial results of the last three years and proceeded to make addition in this regard without confronting the issue to the assessee which is not a justified approach. - AT

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Low net profit ratio - AO has not pointed out any defect or ...

Case Laws Income Tax

June 25, 2016

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