https://www.taxtmi.com/caselaws?id=361718 The Appellate Tribunal upheld the CIT(A)'s decision to estimate business income at 6% instead of 8% for AY 2012-13, following principles set by ITAT Hyderabad. The Tribunal also affirmed that income from scrap sales should be considered part of business income, dismissing Revenue's appeal on both grounds. The decision was pronounced on 8th June 2018. en-us Fri, 08 Jun 2018 00:00:00 +0530 Tue, 12 Jun 2018 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361718 The Appellate Tribunal upheld the CIT(A)'s decision to estimate business income at 6% instead of 8% for AY 2012-13, following principles set by ITAT Hyderabad. The Tribunal also affirmed that income from scrap sales should be considered part of business income, dismissing Revenue's appeal on both grounds. The decision was pronounced on 8th June 2018. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361718