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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Rejection of books of accounts - estimated net profit of 8% on ...


Taxpayer's Books Rejected, Net Profit Estimated at 8% on Gross Receipts; Interest Income Classified Separately.

January 25, 2017

Case Laws     Income Tax     AT

Rejection of books of accounts - estimated net profit of 8% on gross contract receipts net of all deductions - A.O. was rightly made additions towards interest income under the head income from other sources - AT

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