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Income Tax - Highlights / Catch Notes

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Estimation of net profit - rejection of books of accounts - Once ...

Income Tax

March 19, 2015

Estimation of net profit - rejection of books of accounts - Once the books of account of the assessee was produced before the lower authorities and if there is certain discrepancy the authorities were free to make addition to that extent of discrepancies noticed by the authorities and, authorities were precluded in rejecting the books of account of the assessee - AT

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