https://www.taxtmi.com/caselaws?id=407873 The Tribunal allowed the appeal, condoning the delay in filing due to partnership changes. It directed re-computation of net profit at 4% of sales, allowing deductions. The rejection of books of account was upheld, but income re-computation was ordered. Adhoc disallowance was re-computed based on sales percentage. The Tribunal addressed jurisdictional concerns by providing specific directions for income re-calculation. The appellant was granted flexibility in modifying grounds of appeal during the hearing. en-us Thu, 25 Mar 2021 00:00:00 +0530 Tue, 25 May 2021 08:38:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407873 The Tribunal allowed the appeal, condoning the delay in filing due to partnership changes. It directed re-computation of net profit at 4% of sales, allowing deductions. The rejection of books of account was upheld, but income re-computation was ordered. Adhoc disallowance was re-computed based on sales percentage. The Tribunal addressed jurisdictional concerns by providing specific directions for income re-calculation. The appellant was granted flexibility in modifying grounds of appeal during the hearing. Case-Laws Income Tax Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407873