Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (5) TMI 1315 - AT - Income TaxN.P. determination - estimation of income - estimated rate to be applied on entire sale or differential sale amount as detected - suppressed sales - assessee were a liquor contractor dealing in country liquor, Indian made foreign liquor (IMFL) and Beer - Held that:- AO is directed to apply N.P. rate of 2.7% on the estimated sales after deducting interest and salary to partners subject to the minimum return income.
|