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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Unaccounted purchases - since these purchases too were made ...

Income Tax

January 9, 2017

Unaccounted purchases - since these purchases too were made outside the books of account and proper accounting or reconciliation could not be made by the assessee, the value of the investment and the estimated profits on the basis of the undisputed rate i.e. 4.5 % GP had to be adopted - HC

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