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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Considering the nature of asessee’s business, the G.P rate of ...

Income Tax

January 30, 2017

Considering the nature of asessee’s business, the G.P rate of 10% is quite acceptable. Since the declared profit of 11.67% was more than the rate of 10%, the CIT(A) has rightly chosen to delete the entire addition. - AT

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