https://www.taxtmi.com/caselaws?id=278359 The Tribunal upheld the admission of the late appeal by the assessee due to valid reasons, reduced the net profit rate to 6.51% from 8%, sustained the application of the higher rate, deleted the disallowance under section 40(a)(ia) for non-deduction of TDS, allowed depreciation out of net profits, and agreed with the rejection of books of account by the AO. The Tribunal dismissed the Revenue's appeal, partly allowed the assessee's appeal, and pronounced the order on 19/10/2016. en-us Wed, 19 Oct 2016 00:00:00 +0530 Tue, 29 Jan 2019 07:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278359 The Tribunal upheld the admission of the late appeal by the assessee due to valid reasons, reduced the net profit rate to 6.51% from 8%, sustained the application of the higher rate, deleted the disallowance under section 40(a)(ia) for non-deduction of TDS, allowed depreciation out of net profits, and agreed with the rejection of books of account by the AO. The Tribunal dismissed the Revenue's appeal, partly allowed the assessee's appeal, and pronounced the order on 19/10/2016. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278359