https://www.taxtmi.com/highlights?id=29941 Low net profit ratio - AO has not pointed out any defect or deficiency in the claim of expenditure nor any expenditure has been held as bogus by the AO. AO asked financial results of the last three years and proceeded to make addition in this regard without confronting the issue to the assessee which is not a justified approach. - AT en-us Sat, 25 Jun 2016 11:49:42 +0530 Sat, 25 Jun 2016 11:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29941 Low net profit ratio - AO has not pointed out any defect or deficiency in the claim of expenditure nor any expenditure has been held as bogus by the AO. AO asked financial results of the last three years and proceeded to make addition in this regard without confronting the issue to the assessee which is not a justified approach. - AT Highlights Income Tax Sat, 25 Jun 2016 11:49:42 +0530 https://www.taxtmi.com/highlights?id=29941