https://www.taxtmi.com/highlights?id=74474 Estimation of net profits - addition on account of enhancement of net profit as the assessee has shown drastically low net profit as compared to preceding previous years - The AO’s rejection of books of accounts was unfounded, lacking specific discrepancies. - The assessee justified the net profit decline with audited accounts showing increased financial costs and foreign exchange losses. - AT en-us Tue, 30 Jan 2024 08:51:16 +0530 Tue, 30 Jan 2024 08:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74474 Estimation of net profits - addition on account of enhancement of net profit as the assessee has shown drastically low net profit as compared to preceding previous years - The AO’s rejection of books of accounts was unfounded, lacking specific discrepancies. - The assessee justified the net profit decline with audited accounts showing increased financial costs and foreign exchange losses. - AT Highlights Income Tax Tue, 30 Jan 2024 08:51:16 +0530 https://www.taxtmi.com/highlights?id=74474