https://www.taxtmi.com/caselaws?id=117825 The tribunal upheld the estimation of profit at 7.5% for both assessment years, rejecting the revenue's argument for a higher estimation. The tribunal also upheld the grant of depreciation at 25% for the assessee, dismissing their cross-objection. Consequently, the appeals by the revenue were allowed, and the cross-objections by the assessee were dismissed. en-us Thu, 28 Oct 2004 00:00:00 +0530 Tue, 26 Jun 2012 17:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117825 The tribunal upheld the estimation of profit at 7.5% for both assessment years, rejecting the revenue's argument for a higher estimation. The tribunal also upheld the grant of depreciation at 25% for the assessee, dismissing their cross-objection. Consequently, the appeals by the revenue were allowed, and the cross-objections by the assessee were dismissed. Case-Laws Income Tax Thu, 28 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117825