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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Bogus purchases - GP Estimation on bogus purchases - CIT(A) was ...

Income Tax

February 5, 2020

Bogus purchases - GP Estimation on bogus purchases - CIT(A) was right in estimating 6% gross profit on alleged non genuine purchases and further allowed deductions towards gross profit already declared by the assessee for the relevant period .

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