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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Having accepted that the expenditure claimed was bogus, the ...

Income Tax

February 11, 2019

Having accepted that the expenditure claimed was bogus, the ITAT, for strange and unexplained reasons, applied the GP Ratio which was entirely unwarranted and thus, reduced the tax liability of the assessee drastically. - order of ITAT reversed.

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