https://www.taxtmi.com/caselaws?id=438992 The Tribunal partly allowed the appeals, directing the AO to apply a net profit rate of 1.5% on the turnover and deleted the penalties imposed under section 271(1)(b) due to reasonable cause for non-compliance with notices. en-us Tue, 30 May 2023 00:00:00 +0530 Wed, 14 Jun 2023 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438992 The Tribunal partly allowed the appeals, directing the AO to apply a net profit rate of 1.5% on the turnover and deleted the penalties imposed under section 271(1)(b) due to reasonable cause for non-compliance with notices. Case-Laws Income Tax Tue, 30 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438992