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of <h1>Appellate Tribunal partially allows firm's appeal, upholds 12.5% net profit rate, grants deductions under</h1> The Appellate Tribunal in Indore partly allowed the appeal of an assessee firm against the CIT(A) order for the assessment years 1985-86 and 1986-87. The ... - The Appellate Tribunal in Indore allowed the appeal of an assessee firm against the CIT(A) order for the assessment years 1985-86 and 1986-87. The Tribunal upheld the net profit rate of 12.5% applied by the tax authorities and allowed deductions under sections 80HH and 80-I for the relevant years. The appeals were partly allowed. (Case citation: 1992 (11) TMI 149 - ITAT INDORE)
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