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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Best judgement assessment - rejection of books of account - ...


Joint Venture's Books Rejected, Profit Estimated at 10% of Gross Receipts Due to Best Judgment Assessment.

August 23, 2012

Case Laws     Income Tax     AT

Best judgement assessment - rejection of books of account - joint venture is making profit without executing any work. - Estimation of profit at 10% of the gross receipts directed. - AT

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