https://www.taxtmi.com/caselaws?id=206381 The Tribunal dismissed both the Revenue's appeal and the assessee's cross-objection. It upheld the CIT(A)'s decision to apply a 12% GP rate due to specific circumstances justifying the decline, justified the rejection of books of account under section 145(3) based on lack of proper documentation, and classified rental income from factory premises as income from house property, not business income. en-us Fri, 03 Dec 2010 00:00:00 +0530 Tue, 01 Nov 2011 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206381 The Tribunal dismissed both the Revenue's appeal and the assessee's cross-objection. It upheld the CIT(A)'s decision to apply a 12% GP rate due to specific circumstances justifying the decline, justified the rejection of books of account under section 145(3) based on lack of proper documentation, and classified rental income from factory premises as income from house property, not business income. Case-Laws Income Tax Fri, 03 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206381