https://www.taxtmi.com/caselaws?id=193616 The final decision in the case involved setting aside the CIT(A) order that confirmed income estimation at 12% and directed the Assessing Officer to apply a net profit rate of 6% instead. This decision was made due to the lack of verifiable vouchers and incomplete labor attendance details, along with the nature of the road construction business and the acceptance of lower profits in previous years without further inquiry. en-us Mon, 24 Sep 2012 00:00:00 +0530 Wed, 09 Aug 2017 16:58:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193616 The final decision in the case involved setting aside the CIT(A) order that confirmed income estimation at 12% and directed the Assessing Officer to apply a net profit rate of 6% instead. This decision was made due to the lack of verifiable vouchers and incomplete labor attendance details, along with the nature of the road construction business and the acceptance of lower profits in previous years without further inquiry. Case-Laws Income Tax Mon, 24 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193616