https://www.taxtmi.com/caselaws?id=430124 The High Court allowed the appeal, answering the substantial question of law in favor of the assessee. The court directed the application of the net profit rate to all receipts as per the tribunal's order for the assessment years 2004-05 to 2008-09. The court found the assessing officer's interpretation incorrect and instructed the application of the net profit rate to all receipts, disclosed and undisclosed, within a specified timeframe. en-us Mon, 07 Nov 2022 00:00:00 +0530 Fri, 11 Nov 2022 22:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430124 The High Court allowed the appeal, answering the substantial question of law in favor of the assessee. The court directed the application of the net profit rate to all receipts as per the tribunal's order for the assessment years 2004-05 to 2008-09. The court found the assessing officer's interpretation incorrect and instructed the application of the net profit rate to all receipts, disclosed and undisclosed, within a specified timeframe. Case-Laws Income Tax Mon, 07 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430124