https://www.taxtmi.com/caselaws?id=193359 The Appellate Tribunal ITAT Agra heard cross appeals regarding the assessment year 2009-10. The Assessing Officer initially applied a profit rate of 12.5%, resulting in an income determination of &8377; 1,27,98,840/-. The ld. CIT(A) reduced the profit rate to 6%, estimating a profit of &8377; 72,33,532/-. The Tribunal favored the assessee, maintaining an addition of &8377; 2,50,000/- instead of the 6% profit rate, considering the assessee's historical performance and legal precedents. The departmental appeal was dismissed, and the assessee's appeal was partly allowed. en-us Tue, 29 Jan 2013 00:00:00 +0530 Tue, 25 Jul 2017 18:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193359 The Appellate Tribunal ITAT Agra heard cross appeals regarding the assessment year 2009-10. The Assessing Officer initially applied a profit rate of 12.5%, resulting in an income determination of &8377; 1,27,98,840/-. The ld. CIT(A) reduced the profit rate to 6%, estimating a profit of &8377; 72,33,532/-. The Tribunal favored the assessee, maintaining an addition of &8377; 2,50,000/- instead of the 6% profit rate, considering the assessee's historical performance and legal precedents. The departmental appeal was dismissed, and the assessee's appeal was partly allowed. Case-Laws Income Tax Tue, 29 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193359