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Income Tax - Highlights / Catch Notes

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Estimation of gross profit - Unexplained expenditure u/s 69C - ...

Income Tax

July 27, 2023

Estimation of gross profit - Unexplained expenditure u/s 69C - authorities below have not accepted books results and have estimated the profit - Merely because there is a fall in gross profit rate would not ipso facto be the reason for rejection of book results. - AT

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