Unaccounted purchases - only the profit element in such ...

Case Laws Income Tax

May 26, 2020

Unaccounted purchases - only the profit element in such unaccounted purchase should be made especially when there is no unaccounted stock found during the survey on account of such unaccounted purchases. In our opinion profit rate @10% on such unaccounted purchase will be reasonable and will meet the ends of justice.

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Unaccounted purchases - only the profit element in such ...

Case Laws Income Tax

May 26, 2020

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