https://www.taxtmi.com/caselaws?id=151064 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decision to apply an 8% net profit rate instead of the 10% rate initially applied by the Assessing Officer. The Tribunal emphasized the importance of considering past history in assessments and ruled that there is no estoppel against the assessee's right to appeal, even if they initially agreed to a higher rate. The Department's appeal was dismissed, and the decision was rendered on October 12, 2010. en-us Tue, 12 Oct 2010 00:00:00 +0530 Tue, 28 May 2013 14:50:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151064 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decision to apply an 8% net profit rate instead of the 10% rate initially applied by the Assessing Officer. The Tribunal emphasized the importance of considering past history in assessments and ruled that there is no estoppel against the assessee's right to appeal, even if they initially agreed to a higher rate. The Department's appeal was dismissed, and the decision was rendered on October 12, 2010. Case-Laws Income Tax Tue, 12 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151064