https://www.taxtmi.com/caselaws?id=217956 The Tribunal dismissed the appeals of the Revenue and partly allowed the appeals of the assessee. The Gross Profit (GP) rate was adjusted to 10% for certain assessment years and retained at 24.14% for one year. The rejection of books of accounts under Section 145(3) was upheld. Appeals with low tax effect were dismissed as not maintainable, but the Tribunal's findings on the case's merits would still apply despite the dismissal on technical grounds. en-us Fri, 04 May 2012 00:00:00 +0530 Tue, 30 Oct 2012 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217956 The Tribunal dismissed the appeals of the Revenue and partly allowed the appeals of the assessee. The Gross Profit (GP) rate was adjusted to 10% for certain assessment years and retained at 24.14% for one year. The rejection of books of accounts under Section 145(3) was upheld. Appeals with low tax effect were dismissed as not maintainable, but the Tribunal's findings on the case's merits would still apply despite the dismissal on technical grounds. Case-Laws Income Tax Fri, 04 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217956