https://www.taxtmi.com/caselaws?id=237009 The Tribunal upheld the CIT(A)'s decision in applying a 2% profit rate, rejecting the appeals by both the assessee and the Revenue. Additionally, the deletion of additions for bogus liabilities and various expenses was affirmed, with the Tribunal emphasizing the historical profit rates and the agreement by the assessee's counsel on the profit rate application. en-us Fri, 28 Jun 2013 00:00:00 +0530 Mon, 16 Sep 2013 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237009 The Tribunal upheld the CIT(A)'s decision in applying a 2% profit rate, rejecting the appeals by both the assessee and the Revenue. Additionally, the deletion of additions for bogus liabilities and various expenses was affirmed, with the Tribunal emphasizing the historical profit rates and the agreement by the assessee's counsel on the profit rate application. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237009