Considering the nature of asessee’s business, the G.P rate of ...

Commissioner of Income Tax (Appeals) Removes Addition as Declared Profit Rate Exceeds Acceptable 10% Rate.

January 30, 2017

Case Laws Income Tax AT

Considering the nature of asessee’s business, the G.P rate of 10% is quite acceptable. Since the declared profit of 11.67% was more than the rate of 10%, the CIT(A) has rightly chosen to delete the entire addition. - AT

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Considering the nature of asessee’s business, the G.P rate of ...

Commissioner of Income Tax (Appeals) Removes Addition as Declared Profit Rate Exceeds Acceptable 10% Rate.

January 30, 2017

Case Laws Income Tax AT

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