https://www.taxtmi.com/caselaws?id=340969 The Tribunal partly allowed the Revenue's appeal by upholding the AO's rejection of books under Section 145(3) but revising the net profit rate to 6%. The net taxable income was determined to be Rs. 14,80,589/- after considering DEPB income, differing from the AO's computed income of Rs. 44,68,220/- and the assessee's declared income of Rs. 6,25,650/-. The decision balanced concerns raised by the AO with evidence provided by the assessee, resulting in a fair assessment. en-us Tue, 28 Feb 2017 00:00:00 +0530 Thu, 30 Mar 2017 07:02:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340969 The Tribunal partly allowed the Revenue's appeal by upholding the AO's rejection of books under Section 145(3) but revising the net profit rate to 6%. The net taxable income was determined to be Rs. 14,80,589/- after considering DEPB income, differing from the AO's computed income of Rs. 44,68,220/- and the assessee's declared income of Rs. 6,25,650/-. The decision balanced concerns raised by the AO with evidence provided by the assessee, resulting in a fair assessment. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340969