https://www.taxtmi.com/caselaws?id=217764 The tribunal dismissed the Revenue's appeal and the assessee's cross-objection, upholding the CIT(A)'s order. The dispute over the N.P. rate resulted in the tribunal maintaining the 4% rate set by the CIT(A) instead of the 8% initially applied by the A.O. Additionally, the rejection of book results under section 145(3) was upheld due to discrepancies found by the A.O., despite the books being audited under section 44AB. The decision was based on detailed analysis of evidence and relevant sections of the Income Tax Act. en-us Mon, 16 Jul 2012 00:00:00 +0530 Thu, 25 Oct 2012 07:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217764 The tribunal dismissed the Revenue's appeal and the assessee's cross-objection, upholding the CIT(A)'s order. The dispute over the N.P. rate resulted in the tribunal maintaining the 4% rate set by the CIT(A) instead of the 8% initially applied by the A.O. Additionally, the rejection of book results under section 145(3) was upheld due to discrepancies found by the A.O., despite the books being audited under section 44AB. The decision was based on detailed analysis of evidence and relevant sections of the Income Tax Act. Case-Laws Income Tax Mon, 16 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217764