https://www.taxtmi.com/caselaws?id=359407 The ITAT allowed the cross-appeals by the Assessee and Revenue for statistical purposes, remitting the issue back to the AO for reassessment. The ITAT emphasized the necessity of accurate net profit estimation based on past financial data or comparable businesses, directing a more informed decision in the reassessment process. en-us Wed, 25 Apr 2018 00:00:00 +0530 Mon, 30 Apr 2018 06:11:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359407 The ITAT allowed the cross-appeals by the Assessee and Revenue for statistical purposes, remitting the issue back to the AO for reassessment. The ITAT emphasized the necessity of accurate net profit estimation based on past financial data or comparable businesses, directing a more informed decision in the reassessment process. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359407