https://www.taxtmi.com/caselaws?id=195159 The Tribunal allowed the assessee's appeal for the assessment year 2008-09 and Cross Objection No.189/M/2011 in part, directing the AO to compute the profit based on specific turnover records. The penalty levied u/s 271AAA on estimated profit was cancelled following precedent. The department's appeals for the assessment years 2006-07 and 2007-08 were dismissed. The decision was pronounced on May 8, 2013. en-us Wed, 08 May 2013 00:00:00 +0530 Tue, 17 Oct 2017 12:24:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195159 The Tribunal allowed the assessee's appeal for the assessment year 2008-09 and Cross Objection No.189/M/2011 in part, directing the AO to compute the profit based on specific turnover records. The penalty levied u/s 271AAA on estimated profit was cancelled following precedent. The department's appeals for the assessment years 2006-07 and 2007-08 were dismissed. The decision was pronounced on May 8, 2013. Case-Laws Income Tax Wed, 08 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195159