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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Estimation of income - declaring less GP rate for the year under ...

Income Tax

April 9, 2020

Estimation of income - declaring less GP rate for the year under consideration in comparison to the preceding years - The rejection of books of account would not be ifso facto result an addition if the assessee has declalred the profit in line with the prevailing profit in the trade /industry or in line with the past history of the assessee - AT

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