https://www.taxtmi.com/caselaws?id=302328 The appeal against the order of the Commissioner of Income-tax (Appeals) under section 143(3) of the Income Tax Act, 1961 for the assessment year 2008-09 was partly allowed. The Assessing Officer was directed to determine income using a 7% net profit rate instead of the initially applied 12% rate. The challenge against the 12% net profit rate was dismissed, while another ground was partly allowed. The decision was made by Ms. Sushma Chowla, Judicial Member, and Shri Mehar Singh, Accountant Member of ITAT Chandigarh on January 27, 2012. en-us Fri, 27 Jan 2012 00:00:00 +0530 Tue, 17 May 2022 11:02:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302328 The appeal against the order of the Commissioner of Income-tax (Appeals) under section 143(3) of the Income Tax Act, 1961 for the assessment year 2008-09 was partly allowed. The Assessing Officer was directed to determine income using a 7% net profit rate instead of the initially applied 12% rate. The challenge against the 12% net profit rate was dismissed, while another ground was partly allowed. The decision was made by Ms. Sushma Chowla, Judicial Member, and Shri Mehar Singh, Accountant Member of ITAT Chandigarh on January 27, 2012. Case-Laws Income Tax Fri, 27 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302328