ITAT Chennai held that since income of the assessee is assessed by applying flat gross profit rate of 2% hence provisions of section 40A (3) cannot be invoked. Accordingly, disallowance u/s. 40A (3) ...

Gold is one of the best performing assets so far this year, and despite a pullback here and there, investors say the fundamentals are in place for more gains in the coming months. Gold prices have ...