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Question ID : 672

44AB Tax Audit

Turnover,Gross receipts are seperate terms used under audit. If an assesee has made purchases for 75 khs and has effected sales for 10 khs is he attracted by the provisions of Section 44AB to get his accounts audited. Are there any case ws for or agast support of the answers?
Ramanan R '

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Posted by Ramanan R on Oct 23, 2005
Filed Under DIRECT TAXES

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