Delhi HC: Mere Consumption of Alcohol Daily Doesn’t Make Person Alcoholic  ||  Bom. HC: Epilepsy Not a Ground to Seek Divorce  ||  Pat. HC: Imperative on Trial Court to Ascertain Age of Victim Upon Challenge by Accused  ||  SC: Student Can’t Participate in 2022 NEET Counselling Based on 2019 Results  ||  Kar. HC: Continuing in Service After Expiry of Probation Period Doesn't Imply Automatic Confirmation  ||  JKL HC: Offences Under PoC Act can be Invoked Against Person Discharging Public Duty  ||  SC: Automatic Vacation of Stay After Six Months Requires Re-Consideration  ||  SC: Disclosure Made to Settlement Commission Needn't be Something that Wasn’t Discovered by AO  ||  Tel. HC Stay GO Which Regularized Notarized Documents of Non-Agricultural Urban Land Sales  ||  Cal. HC: There Must be a Balance Between Religious Freedom U/A 30 and Overwhelming Public Interest    

ITAT Delhi: Excessive Application of Net Profit Rate is Not Admissible - (04 Dec 2019)

DIRECT TAXATION

Income Tax Appellate Tribunal, Delhi has ruled that in earlier assessment years as well as in subsequent assessment years, a particular net profit rate has been applied which can be applied by the Revenue. Application of net profit rate of 12% by the authorities is excessive and unreasonable.

Tags : ITAT DELHI   NET PROFIT RATE  

Share :        

Disclaimer | Copyright 2023 - All Rights Reserved