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Addition U/s 68 Should Be Restricted To Extent Of Gross Profit At Same Rate Of Genuine Purchases If Sales Are Not Disputed: Mumbai ITAT

While deleting the addition made u/s 68 of the Income Tax Act, the Mumbai ITAT held that in the absence of any dispute and discrepancy in the sales, the addition should be restricted to the extent. ....

Vimal Punmiya , Bombay High Court , Rahul Chaudhary , Judicial Member , Prashant Maharishi , Accountant Member , Haji Adam , Mumbai Itat , Eleting The Addition , S 68 Of The Income Tax Act , Gross Profit ,