https://www.taxtmi.com/caselaws?id=282673 The Revenue's appeal against the CIT(A)'s decision to reject the assessee's accounts under section 145(3) of the IT Act was allowed, reinstating the AO's order due to insufficient supporting bills and vouchers. The profit rate for income computation was reduced to 6% by the CIT(A) and upheld by the Tribunal, deeming it fair without complete documentation. The Tribunal dismissed both the Revenue's appeal and the assessee's cross-objection, partially allowing the departmental appeal and rejecting the assessee's objection. en-us Fri, 30 Nov 2012 00:00:00 +0530 Mon, 19 Aug 2019 13:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282673 The Revenue's appeal against the CIT(A)'s decision to reject the assessee's accounts under section 145(3) of the IT Act was allowed, reinstating the AO's order due to insufficient supporting bills and vouchers. The profit rate for income computation was reduced to 6% by the CIT(A) and upheld by the Tribunal, deeming it fair without complete documentation. The Tribunal dismissed both the Revenue's appeal and the assessee's cross-objection, partially allowing the departmental appeal and rejecting the assessee's objection. Case-Laws Income Tax Fri, 30 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282673