Sponsored
    Follow Us:

Case Law Details

Case Name : Income Tax Officer Vs Paraskumar V.Kataria Prop. (ITAT Rajkot)
Related Assessment Year : 1999-2000
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Argument on behalf of Revenue that the CIT(A) has committed error in modifying the GP rate at 03.56% as against 07.29% applied by the AO on suppressed sales. In this regard, we note that the AO issued notice under s.142(1) of the Income Tax Act, 1961  asking the  assessee to show-cause as to why the GP or unaccounted sales should not be estimated at par with the GP on accounted sales.

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31