https://www.taxtmi.com/caselaws?id=185328 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO based on the percentage of net profit over gross profit. The Tribunal found the AO's method unjustified, lacking factual or legal basis, and unsupported by incriminating evidence. As a result, the revenue's appeals were dismissed. en-us Fri, 27 Sep 2013 00:00:00 +0530 Fri, 04 Nov 2016 21:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185328 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO based on the percentage of net profit over gross profit. The Tribunal found the AO's method unjustified, lacking factual or legal basis, and unsupported by incriminating evidence. As a result, the revenue's appeals were dismissed. Case-Laws Income Tax Fri, 27 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185328