https://www.taxtmi.com/caselaws?id=414577 The Tribunal upheld the CIT(A)'s decision to restrict the addition to Rs. 29,68,826/-, finding no infirmity in the estimation of net profit at 8%. The Revenue's grounds were dismissed, and the assessee's cross-objection regarding the assessment order was also dismissed. The final order confirmed the CIT(A)'s decision, deeming the income estimation reasonable and justified based on evidence and documentation provided. en-us Mon, 25 Oct 2021 00:00:00 +0530 Thu, 11 Nov 2021 10:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414577 The Tribunal upheld the CIT(A)'s decision to restrict the addition to Rs. 29,68,826/-, finding no infirmity in the estimation of net profit at 8%. The Revenue's grounds were dismissed, and the assessee's cross-objection regarding the assessment order was also dismissed. The final order confirmed the CIT(A)'s decision, deeming the income estimation reasonable and justified based on evidence and documentation provided. Case-Laws Income Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414577