https://www.taxtmi.com/caselaws?id=191873 The Tribunal dismissed the revenue's appeal challenging trading addition and net profit rate adjustments, maintaining a partial relief for the assessee. It upheld the reduction of trading addition and net profit rate, emphasizing fair income estimation post book rejection and historical performance assessment. Additionally, the Tribunal ruled in favor of the assessee regarding the treatment of interest income from compulsory FDRs, classifying it as business income. The judgment underscored the significance of accurate income estimation, historical performance evaluation, and proper income source classification based on legal principles and business practices. en-us Fri, 18 Jul 2014 00:00:00 +0530 Sat, 29 Apr 2017 12:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191873 The Tribunal dismissed the revenue's appeal challenging trading addition and net profit rate adjustments, maintaining a partial relief for the assessee. It upheld the reduction of trading addition and net profit rate, emphasizing fair income estimation post book rejection and historical performance assessment. Additionally, the Tribunal ruled in favor of the assessee regarding the treatment of interest income from compulsory FDRs, classifying it as business income. The judgment underscored the significance of accurate income estimation, historical performance evaluation, and proper income source classification based on legal principles and business practices. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191873