https://www.taxtmi.com/caselaws?id=370085 The Appellate Tribunal upheld the rejection of books of account but revised the net profit estimation from 4% to 3% of the cost of goods sold. The decision emphasized the importance of a case-specific approach and consistency in profit estimation based on judicial precedents, providing relief to the assessee by aligning the profit estimation with recent judgments and ensuring fairness in the assessment process. en-us Fri, 27 Jul 2018 00:00:00 +0530 Fri, 09 Nov 2018 19:03:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370085 The Appellate Tribunal upheld the rejection of books of account but revised the net profit estimation from 4% to 3% of the cost of goods sold. The decision emphasized the importance of a case-specific approach and consistency in profit estimation based on judicial precedents, providing relief to the assessee by aligning the profit estimation with recent judgments and ensuring fairness in the assessment process. Case-Laws Income Tax Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370085