Rejection of books result - estimation of NP @5% of gross...
Court Allows 5% Net Profit Estimation for Firm; Separate Deductions for Depreciation, Interest, and Partner Salaries Permitted.
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Income TaxAugust 4, 2015Case LawsAT
Rejection of books result - estimation of NP @5% of gross contractual receipts - assessee firm is entitled for separate deduction of depreciation, interest and salary payment to partners - AT