https://www.taxtmi.com/caselaws?id=182304 The Tribunal partially allowed the appeal by reducing the net profit rate from 10% to 9% for the appellant in the civil contract business. This decision was based on the appellant's failure to provide necessary documentation and verification for expenses and creditors, aligning with the principle that profit estimation should be rational and consider relevant factors. The Tribunal's judgment aimed to strike a balance between fair profit assessment and the appellant's lack of compliance with documentation requirements. en-us Tue, 31 Mar 2015 00:00:00 +0530 Sat, 07 May 2016 10:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182304 The Tribunal partially allowed the appeal by reducing the net profit rate from 10% to 9% for the appellant in the civil contract business. This decision was based on the appellant's failure to provide necessary documentation and verification for expenses and creditors, aligning with the principle that profit estimation should be rational and consider relevant factors. The Tribunal's judgment aimed to strike a balance between fair profit assessment and the appellant's lack of compliance with documentation requirements. Case-Laws Income Tax Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182304