TMI BlogAdditions against reduction in Gross Profit Rate (GP rate) - rejection of books of accounts - - The...Additions against reduction in Gross Profit Rate (GP rate) - rejection of books of accounts - - The assessee has already advanced the reasons for low profit and has submitted the details - Since, there is no specific defects observed in the books of accounts the addition made by the ld. AO on account of the low G.P. we see no reason to sustain the same. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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