https://www.taxtmi.com/caselaws?id=194698 The Tribunal directed the assessing officer to estimate the net profit in the IMFL business at 5% of total purchases net of deductions, aligning with a previous decision. Regarding the initial investment, the Tribunal set aside the CIT(A)'s order and remitted the matter back to the assessing officer for further consideration based on the memorandum of association provided by the assessee. The appeal was partly allowed for statistical purposes. en-us Fri, 12 Aug 2016 00:00:00 +0530 Wed, 20 Sep 2017 07:34:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194698 The Tribunal directed the assessing officer to estimate the net profit in the IMFL business at 5% of total purchases net of deductions, aligning with a previous decision. Regarding the initial investment, the Tribunal set aside the CIT(A)'s order and remitted the matter back to the assessing officer for further consideration based on the memorandum of association provided by the assessee. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194698