https://www.taxtmi.com/caselaws?id=327215 The court upheld the Tribunal's decision, dismissing the appellant's claims of violation of natural justice and unjustified net profit rate application. The court found the Tribunal's reasoning sufficient, considering the appellant's lack of supporting documentation and failure to meet accounting requirements. The 9% net profit rate was justified based on the nature of the appellant's construction business and lack of comparable cases. The court concluded that no substantial legal question arose, affirming the Tribunal's decision. en-us Thu, 04 Feb 2016 00:00:00 +0530 Fri, 03 Feb 2017 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327215 The court upheld the Tribunal's decision, dismissing the appellant's claims of violation of natural justice and unjustified net profit rate application. The court found the Tribunal's reasoning sufficient, considering the appellant's lack of supporting documentation and failure to meet accounting requirements. The 9% net profit rate was justified based on the nature of the appellant's construction business and lack of comparable cases. The court concluded that no substantial legal question arose, affirming the Tribunal's decision. Case-Laws Income Tax Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327215