https://www.taxtmi.com/caselaws?id=70336 The tribunal accepted the appeal, canceling the impugned order as the Assessing Officer wrongly applied section 154 without conducting scrutiny, leading to an incorrect determination of total business income. The tribunal found the Assessing Officer's determination of total business income at 5% of turnover to be correct due to a legal mistake apparent from the records. The tribunal upheld the Assessing Officer's decision based on the non-filing of the audit report under section 44AF(5) and canceled the impugned order, allowing the appeal in favor of the assessee based on a precedent set by the Income-tax Appellate Tribunal, Delhi Bench. en-us Wed, 18 Feb 2009 00:00:00 +0530 Fri, 07 Jun 2013 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70336 The tribunal accepted the appeal, canceling the impugned order as the Assessing Officer wrongly applied section 154 without conducting scrutiny, leading to an incorrect determination of total business income. The tribunal found the Assessing Officer's determination of total business income at 5% of turnover to be correct due to a legal mistake apparent from the records. The tribunal upheld the Assessing Officer's decision based on the non-filing of the audit report under section 44AF(5) and canceled the impugned order, allowing the appeal in favor of the assessee based on a precedent set by the Income-tax Appellate Tribunal, Delhi Bench. Case-Laws Income Tax Wed, 18 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70336