Estimation of income - ITAT applied the progressive rate of ...

High Court Rules in Favor of Assessee, Overturns ITAT's Progressive Profit Rate Approach for Tax Assessment Over Five Years.

November 11, 2022

Case Laws Income Tax HC

Estimation of income - ITAT applied the progressive rate of estimated profit for 5 years from 10% to 25% - Assessee sought Net profit rate to the entire receipts both disclosed and undisclosed - the assessee is entitled to succeed. - HC

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Estimation of income - ITAT applied the progressive rate of ...

High Court Rules in Favor of Assessee, Overturns ITAT's Progressive Profit Rate Approach for Tax Assessment Over Five Years.

November 11, 2022

Case Laws Income Tax HC

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