https://www.taxtmi.com/caselaws?id=295627 The Tribunal upheld the Ld CIT(A)'s decision to estimate the profit at 12% on on-money receipts, correcting the earlier mention of 17%. The revenue's appeal against the deletion of the addition was dismissed, as the Tribunal found no reason to interfere with the Ld CIT(A)'s order. The cross objection filed by the assessee in support of the deletion of the addition was also upheld. Consequently, both the revenue's appeal and the assessee's cross objection were dismissed, affirming the Ld CIT(A)'s decision for the assessment year 2006-07. en-us Fri, 09 Jan 2015 00:00:00 +0530 Sat, 12 Jun 2021 08:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295627 The Tribunal upheld the Ld CIT(A)'s decision to estimate the profit at 12% on on-money receipts, correcting the earlier mention of 17%. The revenue's appeal against the deletion of the addition was dismissed, as the Tribunal found no reason to interfere with the Ld CIT(A)'s order. The cross objection filed by the assessee in support of the deletion of the addition was also upheld. Consequently, both the revenue's appeal and the assessee's cross objection were dismissed, affirming the Ld CIT(A)'s decision for the assessment year 2006-07. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295627