https://www.taxtmi.com/caselaws?id=196920 The Tribunal upheld the rejection of the books of account under section 145(3) and adjusted the net profit rate to 6.25% from the initial estimation of 5.75%. The Assessing Officer was directed to calculate the profit based on this revised rate. The appeal by the assessee was dismissed, while the Revenue's appeal was partially allowed. The specific resolution regarding the charging of interest under sections 234C and 234D, as well as the penalty proceedings under section 271(1)(c), was not detailed in the judgment. en-us Wed, 17 Apr 2013 00:00:00 +0530 Tue, 19 Dec 2017 12:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196920 The Tribunal upheld the rejection of the books of account under section 145(3) and adjusted the net profit rate to 6.25% from the initial estimation of 5.75%. The Assessing Officer was directed to calculate the profit based on this revised rate. The appeal by the assessee was dismissed, while the Revenue's appeal was partially allowed. The specific resolution regarding the charging of interest under sections 234C and 234D, as well as the penalty proceedings under section 271(1)(c), was not detailed in the judgment. Case-Laws Income Tax Wed, 17 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196920