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Income Tax | Lower GP Alone Cannot Justify Profit Estimation Without Rejection of Books: ITAT Mumbai

8 Sept 2026 · 8 Sept 2026By CA Vijayakumar Shetty

ITAT Mumbai deleted ₹3.79 crore GP addition, holding that low GP alone cannot justify estimation without rejecting books or identifying defects. The post Lower GP Alone Cannot Justify Profit Estimation Without Rejection of Books: ITAT Mumbai appeared first on TaxGuru .

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Income Tax | Lower GP Alone Cannot Justify Profit Estimation Without Rejection of Books: ITAT Mumbai

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