https://www.taxtmi.com/caselaws?id=179149 The court upheld the Tribunal's decision to apply a 3% net profit rate on gross receipts for the assessment years, validating the rejection of books of accounts by the assessing officer. Historical net profit rates of the Assessee were considered, emphasizing the factual nature of estimation. The court declined to interfere with the Tribunal's orders, dismissing all appeals. en-us Thu, 10 Jun 2010 00:00:00 +0530 Tue, 12 Sep 2023 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179149 The court upheld the Tribunal's decision to apply a 3% net profit rate on gross receipts for the assessment years, validating the rejection of books of accounts by the assessing officer. Historical net profit rates of the Assessee were considered, emphasizing the factual nature of estimation. The court declined to interfere with the Tribunal's orders, dismissing all appeals. Case-Laws Income Tax Thu, 10 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179149