https://www.taxtmi.com/caselaws?id=219608 The ITAT partially allowed the appeal for the assessment year 2006-07 and allowed the appeals for 2007-08 and 2008-09 for statistical purposes. The judgments emphasized adherence to procedural fairness and correct interpretation of statutory provisions in estimating profits and disallowing expenditures under the Income Tax Act. The ITAT set aside the CIT(A) orders and directed reassessment with a fair hearing to the assessee for both issues concerning the estimation of profit of the manufacturing division and disallowance of expenditure under Section 40(a)(ia). en-us Thu, 19 Jul 2012 00:00:00 +0530 Thu, 20 Dec 2012 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219608 The ITAT partially allowed the appeal for the assessment year 2006-07 and allowed the appeals for 2007-08 and 2008-09 for statistical purposes. The judgments emphasized adherence to procedural fairness and correct interpretation of statutory provisions in estimating profits and disallowing expenditures under the Income Tax Act. The ITAT set aside the CIT(A) orders and directed reassessment with a fair hearing to the assessee for both issues concerning the estimation of profit of the manufacturing division and disallowance of expenditure under Section 40(a)(ia). Case-Laws Income Tax Thu, 19 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219608