Assessing Officer's Double Addition of Estimated Gross Profit on Crane Sales Challenged for Work-in-Progress Calculation Errors.

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....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....