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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Addition on account of alleged decline in gross profit/net ...

Case Laws     Income Tax

January 2, 2018

Addition on account of alleged decline in gross profit/net profit - applying the provisions of section 145 - in its report, Statutory Auditor noted that auditor is unable to comment on the accuracy of the valuation of the inventories of finished goods - rejection of books of accounts - being no defect point out by the AO, no addition could be done - AT

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