Income Addition Deemed Unsustainable: Section 131(1) Lacks Corroborative Evidence, Despite 44AB Audit and 15% Gross Profit Rate Applied.

Income Addition Deemed Unsustainable: Section 131(1) Lacks Corroborative Evidence, Despite 44AB Audit and 15% Gross Profit Rate Applied. https://www.taxtmi.com/highlights?id=45461 Addition based on statement u/s 131(1) of managing partner - GP rate at 15% - No rejection of books of accounts - Account audited u/s 44AB - no independent corroborative evidences - Addition not sustainable en-us Thu, 28 Mar 2019 06:54:01 +0530 Thu, 28 Mar 2019 06:54:01 +0530 TaxTMI RSS Generator Income Addition Deemed Unsustainable: Section 131(1) Lacks Corroborative Evidence, Despite 44AB Audit and 15% Gross Profit Rate Applied. https://www.taxtmi.com/highlights?id=45461 Addition based on statement u/s 131(1) of managing partner - GP rate at 15% - No rejection of books of accounts - Account audited u/s 44AB - no independent corroborative evidences - Addition not sustainable Highlights Income Tax Thu, 28 Mar 2019 06:54:01 +0530 https://www.taxtmi.com/highlights?id=45461