https://www.taxtmi.com/highlights?id=69526 Revision u/s 263 by CIT - low income from liquor business - the books of account, which are duly audited and furnished before the Assessing Officer, were never rejected and therefore, the observation of the PCIT that the Assessing Officer should have adopted profit rate of 3% to 5% from liquor trade cannot be sustained. - AT en-us Mon, 01 May 2023 14:01:51 +0530 Mon, 01 May 2023 14:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69526 Revision u/s 263 by CIT - low income from liquor business - the books of account, which are duly audited and furnished before the Assessing Officer, were never rejected and therefore, the observation of the PCIT that the Assessing Officer should have adopted profit rate of 3% to 5% from liquor trade cannot be sustained. - AT Highlights Income Tax Mon, 01 May 2023 14:01:51 +0530 https://www.taxtmi.com/highlights?id=69526