https://www.taxtmi.com/caselaws?id=437248 The Revenue's appeal was dismissed, and the appeals filed by the assessee were partly allowed for the assessment years 2012-13 and 2013-14. The Tribunal upheld the deletion of an addition regarding excess advance retained by the assessee for 2012-13, stating it had been factored into previous assessments. Additionally, the net profit estimation on sales of lands for 2012-13 was reduced from 30% to 15%. For 2013-14, the Tribunal directed the Assessing Officer to estimate net profit at 15% of gross receipts, partly allowing the assessee's appeal against the exparte order. en-us Wed, 29 Mar 2023 00:00:00 +0530 Tue, 02 May 2023 09:21:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437248 The Revenue's appeal was dismissed, and the appeals filed by the assessee were partly allowed for the assessment years 2012-13 and 2013-14. The Tribunal upheld the deletion of an addition regarding excess advance retained by the assessee for 2012-13, stating it had been factored into previous assessments. Additionally, the net profit estimation on sales of lands for 2012-13 was reduced from 30% to 15%. For 2013-14, the Tribunal directed the Assessing Officer to estimate net profit at 15% of gross receipts, partly allowing the assessee's appeal against the exparte order. Case-Laws Income Tax Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437248