ITAT upholds deletion of additions which was made for Fall in GP Ratio

DCIT Vs Kortek Electronics (India) Ltd. (ITAT Delhi)

ITAT Delhi Rules in Favor of Kortek Electronics (India) Ltd., Deletes Additions for GP Ratio Fall

The Income Tax Appellate Tribunal (ITAT) Delhi recently delivered a verdict in the case of DCIT Vs Kortek Electronics (India) Ltd. for the assessment year 2010-11. The ITAT’s decision pertained to the addition of income and the disallowance of expenses.

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