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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Estimation of net profit @of 10% or 13% - the appellate ...


Appellate Authorities Fail to Justify 13% Net Profit Rate; Lack Evidence for Estimation of 10% or 13% Profit.

November 26, 2011

Case Laws     Income Tax     HC

Estimation of net profit @of 10% or 13% - the appellate authorities had failed to discuss any material on the basis of which it could come to the conclusion that 13% net profit rate was justified.... - HC

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