https://www.taxtmi.com/caselaws?id=119328 The Tribunal partially allowed the appeal, reducing the net profit rate to 1.5% from the estimated 3% due to unreliable books and unascertainable expenses. The disallowance under sections 43B for interest to financial institutions, unpaid bonus, and unpaid PF/EPF was upheld. Deduction under section 80-I for the industrial undertaking was denied, and the non-disposal of additional grounds of appeal relating to deduction under section 80HHC was dismissed. The Tribunal allowed the disallowance under section 40A(3) for cash payments but reduced the amount from the estimated net profit to avoid double addition. en-us Mon, 23 Jul 2007 00:00:00 +0530 Tue, 10 Jul 2012 14:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119328 The Tribunal partially allowed the appeal, reducing the net profit rate to 1.5% from the estimated 3% due to unreliable books and unascertainable expenses. The disallowance under sections 43B for interest to financial institutions, unpaid bonus, and unpaid PF/EPF was upheld. Deduction under section 80-I for the industrial undertaking was denied, and the non-disposal of additional grounds of appeal relating to deduction under section 80HHC was dismissed. The Tribunal allowed the disallowance under section 40A(3) for cash payments but reduced the amount from the estimated net profit to avoid double addition. Case-Laws Income Tax Mon, 23 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119328