Gross Profit Rate Reduced from 20.89% to 8.50% Due to Uncontrollable Non-Production of Accounts Books by Taxpayer.

Gross Profit Rate Reduced from 20.89% to 8.50% Due to Uncontrollable Non-Production of Accounts Books by Taxpayer. https://www.taxtmi.com/highlights?id=21462 Reduction of rate of gross profit from 20.89% adopted in assessment to 8.15% of turnover - Non production of books of accounts was beyond the control of the assessee - gross profits declared by the assessee should be taken at 8.50% which would meet the ends of justice - AT en-us Mon, 19 Jan 2015 10:33:57 +0530 Mon, 19 Jan 2015 10:33:57 +0530 TaxTMI RSS Generator Gross Profit Rate Reduced from 20.89% to 8.50% Due to Uncontrollable Non-Production of Accounts Books by Taxpayer. https://www.taxtmi.com/highlights?id=21462 Reduction of rate of gross profit from 20.89% adopted in assessment to 8.15% of turnover - Non production of books of accounts was beyond the control of the assessee - gross profits declared by the assessee should be taken at 8.50% which would meet the ends of justice - AT Highlights Income Tax Mon, 19 Jan 2015 10:33:57 +0530 https://www.taxtmi.com/highlights?id=21462