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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Rejection of books of accounts - The lower G.P. Rate never ...

Income Tax

September 25, 2013

Rejection of books of accounts - The lower G.P. Rate never attracts the addition and it cannot be a ground for rejection of the books - HC

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  2. Rejection of books of accounts - G.P. estimation - ITAT restricted the net profit rate at 5.5% of contract receipts on the ground of consistency - order of ITAT sustained - HC

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