https://www.taxtmi.com/caselaws?id=439348 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order that applied an 8.5% net profit rate to the arbitration receipts and interest, and deleted the balance addition. The Tribunal found that the reopening proceedings were valid, and the receipts were correctly treated as business income, following the principles established in the assessee's earlier assessments and judicial precedents. en-us Wed, 14 Jun 2023 00:00:00 +0530 Thu, 22 Jun 2023 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439348 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order that applied an 8.5% net profit rate to the arbitration receipts and interest, and deleted the balance addition. The Tribunal found that the reopening proceedings were valid, and the receipts were correctly treated as business income, following the principles established in the assessee's earlier assessments and judicial precedents. Case-Laws Income Tax Wed, 14 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439348