https://www.taxtmi.com/caselaws?id=248312 The Tribunal upheld the CIT(A)'s decision on estimating the assessee's income, applying an 8% net profit rate, and reducing the disallowed expenses. The Tribunal found the rejection of the books of account justified due to material defects and noted the substantial relief already provided to the assessee. As the revenue did not appeal the relief, the Tribunal dismissed the assessee's appeal. en-us Thu, 22 May 2014 00:00:00 +0530 Mon, 09 Jun 2014 13:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248312 The Tribunal upheld the CIT(A)'s decision on estimating the assessee's income, applying an 8% net profit rate, and reducing the disallowed expenses. The Tribunal found the rejection of the books of account justified due to material defects and noted the substantial relief already provided to the assessee. As the revenue did not appeal the relief, the Tribunal dismissed the assessee's appeal. Case-Laws Income Tax Thu, 22 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248312