https://www.taxtmi.com/highlights?id=44438 Having accepted that the expenditure claimed was bogus, the ITAT, for strange and unexplained reasons, applied the GP Ratio which was entirely unwarranted and thus, reduced the tax liability of the assessee drastically. - order of ITAT reversed. en-us Mon, 11 Feb 2019 08:20:47 +0530 Mon, 11 Feb 2019 08:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44438 Having accepted that the expenditure claimed was bogus, the ITAT, for strange and unexplained reasons, applied the GP Ratio which was entirely unwarranted and thus, reduced the tax liability of the assessee drastically. - order of ITAT reversed. Highlights Income Tax Mon, 11 Feb 2019 08:20:47 +0530 https://www.taxtmi.com/highlights?id=44438