https://www.taxtmi.com/caselaws?id=434894 The Tribunal dismissed the appeal for A.Y. 2015-16 and partially allowed the appeal for A.Y. 2017-18, emphasizing the importance of proper record-keeping and a fair assessment process. The appellant contested the arbitrary profit rate imposed by the Assessing Officer and raised concerns about inadequate opportunities due to non-service of notices. The Tribunal upheld the CIT(A)'s determination of net profit and treatment of interest income separately, partially granting relief to the appellant for certain grounds in A.Y. 2017-18. en-us Fri, 24 Feb 2023 00:00:00 +0530 Mon, 06 Mar 2023 11:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434894 The Tribunal dismissed the appeal for A.Y. 2015-16 and partially allowed the appeal for A.Y. 2017-18, emphasizing the importance of proper record-keeping and a fair assessment process. The appellant contested the arbitrary profit rate imposed by the Assessing Officer and raised concerns about inadequate opportunities due to non-service of notices. The Tribunal upheld the CIT(A)'s determination of net profit and treatment of interest income separately, partially granting relief to the appellant for certain grounds in A.Y. 2017-18. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434894