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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Undisclosed income - Unaccounted turnover - reasonable ...


Court Establishes Reasonable Net Profit at 17.08% for Undisclosed Income and Unaccounted Turnover.

November 20, 2013

Case Laws     Income Tax     AT

Undisclosed income - Unaccounted turnover - reasonable estimation of net profit - the average of the 13.735% and 23.99% must give rise to a reasonable percentage of NP ie 17.08%. - AT

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