https://www.taxtmi.com/caselaws?id=413637 The Tribunal partly allowed the appeal, upholding the profit estimation based on a 2% net profit rate and remitting the issue of unexplained capital back to the Assessing Officer for further examination. The Tribunal dismissed the plea for interest to partners, citing statutory provisions disallowing such deductions. en-us Thu, 07 Oct 2021 00:00:00 +0530 Sat, 16 Oct 2021 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413637 The Tribunal partly allowed the appeal, upholding the profit estimation based on a 2% net profit rate and remitting the issue of unexplained capital back to the Assessing Officer for further examination. The Tribunal dismissed the plea for interest to partners, citing statutory provisions disallowing such deductions. Case-Laws Income Tax Thu, 07 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413637