https://www.taxtmi.com/caselaws?id=276429 The Tribunal upheld the CIT(A)'s decision to reject the books of accounts and estimate profits at 5%, dismissing the Revenue's appeals. The Tribunal emphasized consistency in applying a 5% rate for profit estimation in similar cases, finding no valid reason to interfere with the CIT(A)'s order. The judgment, delivered on 25.04.2014, affirmed the CIT(A)'s stance on both issues, referencing past Tribunal decisions to support its conclusion. en-us Fri, 25 Apr 2014 00:00:00 +0530 Sun, 11 Nov 2018 08:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276429 The Tribunal upheld the CIT(A)'s decision to reject the books of accounts and estimate profits at 5%, dismissing the Revenue's appeals. The Tribunal emphasized consistency in applying a 5% rate for profit estimation in similar cases, finding no valid reason to interfere with the CIT(A)'s order. The judgment, delivered on 25.04.2014, affirmed the CIT(A)'s stance on both issues, referencing past Tribunal decisions to support its conclusion. Case-Laws Income Tax Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276429