https://www.taxtmi.com/caselaws?id=367956 The tribunal partially allowed the assessee's appeals for A.Y. 2009-10 and 2012-13. For A.Y. 2009-10, the net profit was estimated at 5.2%, leading to the deletion of certain disallowances. The tribunal directed the deletion of disallowances under sections 43B and 40(a)(ia) and held that provisions for bad debts were wrongly disallowed. For A.Y. 2012-13, the tribunal directed the Assessing Officer to use the same 5.2% net profit rate instead of a 10% ad-hoc disallowance, resulting in a partial allowance of the appeal. en-us Wed, 26 Sep 2018 00:00:00 +0530 Fri, 28 Sep 2018 09:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367956 The tribunal partially allowed the assessee's appeals for A.Y. 2009-10 and 2012-13. For A.Y. 2009-10, the net profit was estimated at 5.2%, leading to the deletion of certain disallowances. The tribunal directed the deletion of disallowances under sections 43B and 40(a)(ia) and held that provisions for bad debts were wrongly disallowed. For A.Y. 2012-13, the tribunal directed the Assessing Officer to use the same 5.2% net profit rate instead of a 10% ad-hoc disallowance, resulting in a partial allowance of the appeal. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367956