TMI BlogAddition on account of alleged decline in gross profit/net profit - applying the provisions of section...Addition on account of alleged decline in gross profit/net profit - applying the provisions of section 145 - in its report, Statutory Auditor noted that auditor is unable to comment on the accuracy of the valuation of the inventories of finished goods - rejection of books of accounts - being no defect point out by the AO, no addition could be done - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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