https://www.taxtmi.com/caselaws?id=242010 The tribunal upheld the Commissioner of Income Tax (Appeals)'s estimation of net profit at 15% of receipts, dismissed the excessive disallowance by the Assessing Officer, and directed a review of the difference in service charges. The tribunal also instructed the Assessing Officer to reassess the levy of interest under Section 234B based on the resolution of the service charges issue. The Revenue's appeal was partially allowed, while the Assessee's appeal was dismissed. en-us Fri, 20 Dec 2013 00:00:00 +0530 Mon, 06 Jan 2014 06:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242010 The tribunal upheld the Commissioner of Income Tax (Appeals)'s estimation of net profit at 15% of receipts, dismissed the excessive disallowance by the Assessing Officer, and directed a review of the difference in service charges. The tribunal also instructed the Assessing Officer to reassess the levy of interest under Section 234B based on the resolution of the service charges issue. The Revenue's appeal was partially allowed, while the Assessee's appeal was dismissed. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242010