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Net Profit
85% of Unaccounted Cash Receipts as Income: ITAT Directs AO to Tax based on Net Profit [Read Order]
February 10, 2025
No Addition to Net Profit to be Made without Recomputing Trading Result u/s 145(1) of Income Tax Act: Punjab & Haryana HC [Read Order]
May 1, 2024
Fortis gets Rs.89.53 Crore Income Tax Demand Notice for FY 2021-2022
March 25, 2024
Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure [Read Order]
August 16, 2023
8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]
November 7, 2022
No Need to report on Net Profit/(loss) after Tax and Cash Flows of branches If Such Details are not contained in Financial Statements: ICAI issues Advisory
December 11, 2019
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