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Income Tax - Highlights / Catch Notes

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We are inclined to adopt GP ratio of 12.5% on alleged bogus ...


Court Deems 12.5% Gross Profit Ratio Appropriate for Alleged Bogus Purchases, Citing Fairness and Rationality.

April 8, 2017

Case Laws     Income Tax     AT

We are inclined to adopt GP ratio of 12.5% on alleged bogus purchases in the instant case which in our considered view is fair, reasonable and rational keeping in view factual matrix of the case - AT

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