Authorities Reject Book Results, Estimate Gross Profit u/s 69C Due to Unexplained Expenditure; Gross Profit Rate Decrease Insufficient.

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....Estimation of gross profit - Unexplained expenditure u/s 69C - authorities below have not accepted books results and have estimated the profit - Merely because there is a fall in gross profit rate would not ipso facto be the reason for rejection of book results. - AT....