https://www.taxtmi.com/caselaws?id=250541 The appeal was filed challenging the rejection of books of account and the estimation of net profit rate at 8% by the Assessing Officer. The CIT (A) and Tribunal deleted the addition, finding the higher net profit rate shown by the assessee reasonable. Section 44AD was deemed inapplicable, and the court upheld the decisions of the appellate authorities due to proper audit of accounts. The court dismissed the department's appeal at the admission stage, as no substantial question of law was identified, concluding the case with a detailed analysis of the issues raised. en-us Fri, 01 Aug 2014 00:00:00 +0530 Mon, 18 Aug 2014 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250541 The appeal was filed challenging the rejection of books of account and the estimation of net profit rate at 8% by the Assessing Officer. The CIT (A) and Tribunal deleted the addition, finding the higher net profit rate shown by the assessee reasonable. Section 44AD was deemed inapplicable, and the court upheld the decisions of the appellate authorities due to proper audit of accounts. The court dismissed the department's appeal at the admission stage, as no substantial question of law was identified, concluding the case with a detailed analysis of the issues raised. Case-Laws Income Tax Fri, 01 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250541