https://www.taxtmi.com/caselaws?id=372618 The appeal challenged the addition of unverifiable expenses by the Commissioner of Income Tax and the estimation of net profit at 8%. The Tribunal found deficiencies in the Commissioner's reasoning for the 8% net profit rate and directed a fresh consideration with a speaking order. The appeal was partly allowed for statistical purposes, remanding the issues for a new decision by the Commissioner. en-us Fri, 21 Dec 2018 00:00:00 +0530 Wed, 26 Dec 2018 11:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372618 The appeal challenged the addition of unverifiable expenses by the Commissioner of Income Tax and the estimation of net profit at 8%. The Tribunal found deficiencies in the Commissioner's reasoning for the 8% net profit rate and directed a fresh consideration with a speaking order. The appeal was partly allowed for statistical purposes, remanding the issues for a new decision by the Commissioner. Case-Laws Income Tax Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372618