https://www.taxtmi.com/caselaws?id=244720 The Tribunal reduced the estimated profit rate to 8% for a construction business, deleted disallowances under sections 40(a)(ia) and 40A(3), and rejected additions based on unexplained credits, negative cash balances, and unaccounted investments. Protective additions were also deleted where income was substantively assessed elsewhere, consistently favoring the assessee in various appeals. en-us Fri, 28 Feb 2014 00:00:00 +0530 Thu, 06 Mar 2014 06:49:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244720 The Tribunal reduced the estimated profit rate to 8% for a construction business, deleted disallowances under sections 40(a)(ia) and 40A(3), and rejected additions based on unexplained credits, negative cash balances, and unaccounted investments. Protective additions were also deleted where income was substantively assessed elsewhere, consistently favoring the assessee in various appeals. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244720