https://www.taxtmi.com/caselaws?id=330369 The challenge to the Income Tax Appellate Tribunal's order for Assessment Year 2004-05 was dismissed by the Bombay High Court. The Court upheld the Tribunal's determination of a 17.08% net profit from the 'Prime Mall' project, rejecting the Revenue's proposed 65% estimate. Additionally, questions regarding deductions for remuneration and interest paid to partners were not entertained as no substantial legal issues were raised. The appeal was dismissed with no costs awarded. en-us Mon, 18 Jul 2016 00:00:00 +0530 Mon, 25 Jul 2016 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330369 The challenge to the Income Tax Appellate Tribunal's order for Assessment Year 2004-05 was dismissed by the Bombay High Court. The Court upheld the Tribunal's determination of a 17.08% net profit from the 'Prime Mall' project, rejecting the Revenue's proposed 65% estimate. Additionally, questions regarding deductions for remuneration and interest paid to partners were not entertained as no substantial legal issues were raised. The appeal was dismissed with no costs awarded. Case-Laws Income Tax Mon, 18 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330369