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Income Tax | Suppressed Turnover Cannot Be Fully Taxed as Income, ITAT Limits Addition to 2%

8 Sept 2026 · 8 Sept 2026By CA Sandeep Kanoi

ITAT Mumbai taxes only profit embedded in suppressed turnover, restricting ₹5.01 crore addition to ₹10.02 lakh and remanding Section 40A(3) issue. The post Suppressed Turnover Cannot Be Fully Taxed as Income, ITAT Limits Addition to 2% appeared first on TaxGuru .

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