https://www.taxtmi.com/caselaws?id=377611 The Tribunal partly allowed the Revenue's appeal by directing the Assessing Officer to adopt a net profit rate of 3.3% on the turnover, excluding the turnover determined by the Excise Authorities. The Tribunal dismissed the Revenue's appeal regarding the addition of excise duty and VAT tax, unexplained investment for unaccounted turnover, and rejection of books of account. The Tribunal also dismissed the assessee's appeal on the jurisdiction of the Assessing Officer under CASS and the addition made on account of low gross profit. en-us Thu, 28 Mar 2019 00:00:00 +0530 Mon, 01 Apr 2019 09:36:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377611 The Tribunal partly allowed the Revenue's appeal by directing the Assessing Officer to adopt a net profit rate of 3.3% on the turnover, excluding the turnover determined by the Excise Authorities. The Tribunal dismissed the Revenue's appeal regarding the addition of excise duty and VAT tax, unexplained investment for unaccounted turnover, and rejection of books of account. The Tribunal also dismissed the assessee's appeal on the jurisdiction of the Assessing Officer under CASS and the addition made on account of low gross profit. Case-Laws Income Tax Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377611