https://www.taxtmi.com/caselaws?id=277206 The Tribunal directed the application of an average net profit rate of 2.65% for the appellant for the assessment years 2010-11 and 2012-13, aligning with the appellant's position and reducing the additions made by the Assessing Officer and CIT(A). The judgment emphasized the importance of considering past history and relevant case laws in determining the Net Profit Rate, ensuring consistency and basing assessments on factual and legal precedents. Both appeals were allowed, highlighting the significance of maintaining consistency and accuracy in tax assessments. en-us Tue, 13 Mar 2018 00:00:00 +0530 Wed, 28 Nov 2018 20:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277206 The Tribunal directed the application of an average net profit rate of 2.65% for the appellant for the assessment years 2010-11 and 2012-13, aligning with the appellant's position and reducing the additions made by the Assessing Officer and CIT(A). The judgment emphasized the importance of considering past history and relevant case laws in determining the Net Profit Rate, ensuring consistency and basing assessments on factual and legal precedents. Both appeals were allowed, highlighting the significance of maintaining consistency and accuracy in tax assessments. Case-Laws Income Tax Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277206