https://www.taxtmi.com/caselaws?id=377834 The Tribunal partly allowed the assessee's appeal, upholding the rejection of the books of accounts but modifying the profit estimation rate from 8% to 4%. The issues concerning the method of accounting and brought forward losses were remanded to the CIT(A) for reconsideration. The ground related to penalty proceedings was dismissed as premature. The decision was announced on 28.03.2019. en-us Thu, 28 Mar 2019 00:00:00 +0530 Thu, 04 Apr 2019 07:20:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377834 The Tribunal partly allowed the assessee's appeal, upholding the rejection of the books of accounts but modifying the profit estimation rate from 8% to 4%. The issues concerning the method of accounting and brought forward losses were remanded to the CIT(A) for reconsideration. The ground related to penalty proceedings was dismissed as premature. The decision was announced on 28.03.2019. Case-Laws Income Tax Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377834