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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Estimation of income - sale outside the books was of the raw ...


Tax Case: Income from Unrecorded Raw Material Sales Estimated with 10% GP Rate by Commissioner of Income Tax (Appeals).

June 29, 2015

Case Laws     Income Tax     AT

Estimation of income - sale outside the books was of the raw material and not of the electrical transformers. - the applicability of GP rate of 10% on the sale of raw material by the CIT(A) is fully justified. - AT

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