https://www.taxtmi.com/caselaws?id=240575 The Tribunal directed the Assessing Officer to estimate the income of assesses at 5% of sales net of all deductions, based on a precedent case. The claim for additional deductions towards remuneration and interest to partners was rejected. Consequently, the appeals by the Revenue were partly allowed, and the Cross Objections by the assessee were dismissed. en-us Wed, 05 Dec 2012 00:00:00 +0530 Sat, 07 Dec 2013 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240575 The Tribunal directed the Assessing Officer to estimate the income of assesses at 5% of sales net of all deductions, based on a precedent case. The claim for additional deductions towards remuneration and interest to partners was rejected. Consequently, the appeals by the Revenue were partly allowed, and the Cross Objections by the assessee were dismissed. Case-Laws Income Tax Wed, 05 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240575