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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Income estimation applying GP Rate - AO neither pointed out any ...

Case Laws     Income Tax

June 27, 2019

Income estimation applying GP Rate - AO neither pointed out any defect in the books of accounts nor rejected u/s 145(2) - addition without verification of various expenditure and giving any benefit of difference in the business model, product dealt with, geographical area operated in etc. and merely compared the GP of other entities is not permissible

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