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Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1982 (4) TMI AT This

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1982 (4) TMI 158 - AT - Income Tax

The assessee deals in purchase and sale of disposal goods. Gross profit disclosed was 18% (down from 40% in previous year). Addition of Rs. 25,000 upheld by ITAT Jabalpur. Addition of Rs. 14,126 in commission account confirmed. Disallowance of Rs. 2,000 trading expenses upheld. Appeal partly allowed.

 

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