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No Addition Is Permitted On Account Of Estimated Profit U/s 41(1) Simply Based On Assumptions: Punjab & Haryana High Court

The Punjab & Haryana High Court deleted the addition made by the AO u/s 41(1) of the Income tax Act on account of sale of copper wire, finding that the AO had made additions under the said provision. ....

Justice Sudeepti Sharma , Punjab Haryana High Court , Haryana High Court , Division Bench , Justice Sanjeev Prakash Sharma ,