https://www.taxtmi.com/caselaws?id=357911 The Tribunal partly allowed the appeal filed by the assessee, remanding the profit rate determination back to the Assessing Officer. The appeal by the revenue was also partly allowed due to the remand of the profit rate issue. The judgment emphasized the significance of proving transaction genuineness and requiring valid reasons to reject book results and estimate profits. en-us Fri, 23 Mar 2018 00:00:00 +0530 Mon, 02 Apr 2018 08:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357911 The Tribunal partly allowed the appeal filed by the assessee, remanding the profit rate determination back to the Assessing Officer. The appeal by the revenue was also partly allowed due to the remand of the profit rate issue. The judgment emphasized the significance of proving transaction genuineness and requiring valid reasons to reject book results and estimate profits. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357911