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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Bogus and unverified purchases - in the earlier assessment years ...


Court Applies Consistent Net Profit Rate for Unverified Purchases Across Assessment Years; Deemed Prudent for Income Determination.

March 30, 2013

Case Laws     Income Tax     HC

Bogus and unverified purchases - in the earlier assessment years as well as in the subsequent assessment year, a particular net profit rate has been applied, it is a prudent rate of income - HC

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