Gujarat HC upholds ITAT decision in favor of assessee, deletes AO's addition. No error found in ITAT's decision.

The Gujarat HC upheld the decision of the ITAT in favor of the assessee company, deleting the addition made by the Assessing Officer. The court found no error in the ITAT's decision not to make a final decision on the remaining profit amount.

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The Gujarat High Court considered a tax appeal regarding the deletion of an addition made by the Assessing Officer in the hands of the assessee company. The court examined whether the Income Tax Appellate Tribunal was correct in allowing the appeal and not making a final decision on the remaining profit amount.

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