Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (5) TMI 699 - AT - Income TaxN.P. estimation - Held that:- Estimation of net profit above 5% of the purchases made by the assessee is to be adopted, we direct the AO to estimate net profit at 5% of the purchases or stock put for sale during the year subject to the assessed income not less than returned income. The order of the CIT(A), to this extent, is modified accordingly.
|