https://www.taxtmi.com/caselaws?id=386307 The Tribunal allowed the appeal, ruling that the rejection of books of accounts and the estimation of net profit at 9% of total turnover were unjustified. It found that the declared profit had not decreased, and the undisclosed turnover was properly included in total turnover. The Tribunal held that the rejection of books by the ld. CIT(A) was erroneous, directing the deletion of the additional net profit estimation and accepting the assessee's book results for the year. en-us Wed, 18 Sep 2019 00:00:00 +0530 Thu, 26 Sep 2019 06:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386307 The Tribunal allowed the appeal, ruling that the rejection of books of accounts and the estimation of net profit at 9% of total turnover were unjustified. It found that the declared profit had not decreased, and the undisclosed turnover was properly included in total turnover. The Tribunal held that the rejection of books by the ld. CIT(A) was erroneous, directing the deletion of the additional net profit estimation and accepting the assessee's book results for the year. Case-Laws Income Tax Wed, 18 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386307