https://www.taxtmi.com/caselaws?id=234188 The appellate tribunal partly allowed the appeals filed by both the assessee and the revenue. The tribunal upheld the rejection of the books of accounts and the gross profit rate of 20% but adjusted the total turnover estimation to six times the declared turnover. The decision highlighted the significance of credible evidence and timely objections in contesting search proceedings and assessing the reliability of books of accounts. en-us Fri, 24 May 2013 00:00:00 +0530 Fri, 31 May 2013 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234188 The appellate tribunal partly allowed the appeals filed by both the assessee and the revenue. The tribunal upheld the rejection of the books of accounts and the gross profit rate of 20% but adjusted the total turnover estimation to six times the declared turnover. The decision highlighted the significance of credible evidence and timely objections in contesting search proceedings and assessing the reliability of books of accounts. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234188