https://www.taxtmi.com/caselaws?id=344769 The tribunal partially allowed the appeal by reducing the net profit rate to 4% from the initial 8% applied by the assessing officer. Additionally, the tribunal deleted the addition of Rs. 47,46,617/- related to current liabilities and provisions, as the assessing officer had rejected the books of account and failed to provide specific deficiencies or comparable cases to justify the initial rate. The decision was rendered on 30/03/2017. en-us Thu, 30 Mar 2017 00:00:00 +0530 Tue, 27 Jun 2017 15:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344769 The tribunal partially allowed the appeal by reducing the net profit rate to 4% from the initial 8% applied by the assessing officer. Additionally, the tribunal deleted the addition of Rs. 47,46,617/- related to current liabilities and provisions, as the assessing officer had rejected the books of account and failed to provide specific deficiencies or comparable cases to justify the initial rate. The decision was rendered on 30/03/2017. Case-Laws Income Tax Thu, 30 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344769