https://www.taxtmi.com/caselaws?id=267147 The Tribunal partly allowed the appeal, confirming the rejection of books under Section 145(3) but applying a lower net profit rate of 5.1%. Additionally, the disallowance of interest and bank charges was reversed as the Tribunal found the assessee's capital sufficient to cover non-business investments, with a positive net interest income. en-us Thu, 24 Sep 2015 00:00:00 +0530 Sun, 01 Nov 2015 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267147 The Tribunal partly allowed the appeal, confirming the rejection of books under Section 145(3) but applying a lower net profit rate of 5.1%. Additionally, the disallowance of interest and bank charges was reversed as the Tribunal found the assessee's capital sufficient to cover non-business investments, with a positive net interest income. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267147