https://www.taxtmi.com/highlights?id=67335 Addition based on estimated additional gross profit - When the sale value of the cranes, which was considered for computation of WIP, has already included the profit component, the addition made by the AO, by firstly excluding the amount declared by the assessee and estimating the gross profit thereafter, results in double addition. - AT en-us Mon, 26 Dec 2022 09:09:35 +0530 Mon, 26 Dec 2022 09:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67335 Addition based on estimated additional gross profit - When the sale value of the cranes, which was considered for computation of WIP, has already included the profit component, the addition made by the AO, by firstly excluding the amount declared by the assessee and estimating the gross profit thereafter, results in double addition. - AT Highlights Income Tax Mon, 26 Dec 2022 09:09:35 +0530 https://www.taxtmi.com/highlights?id=67335