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Income Tax - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Addition based on estimated additional gross profit - When the ...

Income Tax

December 26, 2022

Addition based on estimated additional gross profit - When the sale value of the cranes, which was considered for computation of WIP, has already included the profit component, the addition made by the AO, by firstly excluding the amount declared by the assessee and estimating the gross profit thereafter, results in double addition. - AT

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