Addition made on account of low gross profit declared by the ...

Decrease in Gross Profit Alone Insufficient for Addition Without Identifying Specific Defects in Books of Account.

January 20, 2024

Case Laws Income Tax AT

Addition made on account of low gross profit declared by the assessee - mere decrease in gross profit as compared to the earlier year is not a ground sufficient for making an addition and that too, without finding any specific defect in the books of account regularly maintained by the assessee - AT

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Addition made on account of low gross profit declared by the ...

Decrease in Gross Profit Alone Insufficient for Addition Without Identifying Specific Defects in Books of Account.

January 20, 2024

Case Laws Income Tax AT

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