https://www.taxtmi.com/caselaws?id=204954 The Tribunal upheld the CIT(A)'s decisions in a tax dispute case. The CIT(A)'s application of a 5% profit rate was deemed appropriate, as was the deletion of additions in the capital accounts of partners. The Tribunal also dismissed the revenue's appeal regarding the allowance of interest on unproved additions in capital accounts and the deletion of an addition on account of creditors. Both the revenue's appeal and the assessee's cross-objection were dismissed, affirming the CIT(A)'s decisions on all issues. en-us Tue, 13 Apr 2010 00:00:00 +0530 Mon, 05 Sep 2011 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204954 The Tribunal upheld the CIT(A)'s decisions in a tax dispute case. The CIT(A)'s application of a 5% profit rate was deemed appropriate, as was the deletion of additions in the capital accounts of partners. The Tribunal also dismissed the revenue's appeal regarding the allowance of interest on unproved additions in capital accounts and the deletion of an addition on account of creditors. Both the revenue's appeal and the assessee's cross-objection were dismissed, affirming the CIT(A)'s decisions on all issues. Case-Laws Income Tax Tue, 13 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204954