https://www.taxtmi.com/caselaws?id=282983 The Court ruled in favor of the appellant on the first and second issues, directing the net profit rate to be maintained at 10% and disallowing additional expenses. However, the Court sided with the Department on the third issue, rejecting the appellant's plea to allow the Managing Director's salary as a deduction. As a result, the appeal was partly allowed based on these determinations. en-us Tue, 08 Nov 2016 00:00:00 +0530 Mon, 02 Sep 2019 16:22:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282983 The Court ruled in favor of the appellant on the first and second issues, directing the net profit rate to be maintained at 10% and disallowing additional expenses. However, the Court sided with the Department on the third issue, rejecting the appellant's plea to allow the Managing Director's salary as a deduction. As a result, the appeal was partly allowed based on these determinations. Case-Laws Income Tax Tue, 08 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282983