ITAT: Gross Profit Cannot Be Estimated Without Rejecting Books of Account:
ITAT allowed the assessee's appeal, holding that an average GP rate cannot be applied in the absence of defects in the books.
ITAT Deletes GP Addition Without Book Rejection
Vanshika verma
Jul 14, 2026Premium
ITAT: Gross Profit Cannot Be Estimated Without Rejecting Books of Account
ITAT allowed the assessee's appeal, holding that an average GP rate cannot be applied in the absence of defects in the books.
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Vanshika verma
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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
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