https://www.taxtmi.com/caselaws?id=418179 The appeal was filed against the order of the ld. CIT(A)-1, Rajkot for the Assessment Year 2007-08. The ITAT directed the AO to restrict the addition to 0.50% of turnover for the determination of income on an estimate basis, turnover, chargeable income, and loss commission, aligning with precedents from the assessee's previous case. The ITAT dismissed the appeal grounds related to interest charges under various sections and deemed the sixth ground as not necessitating adjudication. The appeal was partly allowed based on the ITAT's decisions and legal precedents cited. en-us Tue, 01 Feb 2022 00:00:00 +0530 Thu, 10 Feb 2022 08:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418179 The appeal was filed against the order of the ld. CIT(A)-1, Rajkot for the Assessment Year 2007-08. The ITAT directed the AO to restrict the addition to 0.50% of turnover for the determination of income on an estimate basis, turnover, chargeable income, and loss commission, aligning with precedents from the assessee's previous case. The ITAT dismissed the appeal grounds related to interest charges under various sections and deemed the sixth ground as not necessitating adjudication. The appeal was partly allowed based on the ITAT's decisions and legal precedents cited. Case-Laws Income Tax Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418179