https://www.taxtmi.com/caselaws?id=273229 The Tribunal upheld the CIT(A)'s estimation of 35 lakhs bricks, rejected the higher estimate by the A.O., and directed applying a net profit rate of 5.82% to declared sales. The rejection of books of accounts was upheld, but the application of section 144 was deemed unjustified. The disallowance of interest on capital and remuneration to partners was overturned, allowing the deductions. ITA No. 226/Jodh/2013 was dismissed, ITA No. 243/Jodh/2013 was partly allowed, and ITA No. 242/Jodh/2013 was allowed for A.Y. 2009-10. en-us Fri, 30 Aug 2013 00:00:00 +0530 Tue, 12 Jun 2018 15:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273229 The Tribunal upheld the CIT(A)'s estimation of 35 lakhs bricks, rejected the higher estimate by the A.O., and directed applying a net profit rate of 5.82% to declared sales. The rejection of books of accounts was upheld, but the application of section 144 was deemed unjustified. The disallowance of interest on capital and remuneration to partners was overturned, allowing the deductions. ITA No. 226/Jodh/2013 was dismissed, ITA No. 243/Jodh/2013 was partly allowed, and ITA No. 242/Jodh/2013 was allowed for A.Y. 2009-10. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273229