https://www.taxtmi.com/caselaws?id=270103 The Tribunal upheld the rejection of books of accounts and the estimation of the Gross Profit rate at 11.5% by the CIT(A). However, it ruled in favor of the assessee regarding the disallowance of Rs. 51,945/-, stating that no separate disallowance was warranted once the Gross Profit rate was estimated. en-us Wed, 12 Aug 2015 00:00:00 +0530 Tue, 29 Dec 2015 03:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270103 The Tribunal upheld the rejection of books of accounts and the estimation of the Gross Profit rate at 11.5% by the CIT(A). However, it ruled in favor of the assessee regarding the disallowance of Rs. 51,945/-, stating that no separate disallowance was warranted once the Gross Profit rate was estimated. Case-Laws Income Tax Wed, 12 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270103