Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1997 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1997 (9) TMI 158 - ITAT INDOREExtract: .......jection of book results is not justified. In a composite trading account of semi-wholesale and retail business, a gross profit of 9.25 per cent on declared sales cannot be said to be unreasonable. We, therefore, set aside the orders of the Revenue authorities and direct the AO to accept the book results. 8. In the result, the appeal stands allowed.
|