https://www.taxtmi.com/caselaws?id=311283 The Tribunal partly allowed the appeal, modifying the CIT(A)'s estimation of net profit from 8% to 6.75% for the Assessment Years 2011-12 and 2014-15. The Tribunal found this percentage to be fair and reasonable based on the assessee's historical performance and the nature of their business. The decision balanced the CIT(A)'s estimation with the assessee's disclosed net profits of 5.48% and 4.55%, ensuring a just outcome. en-us Mon, 03 Jun 2019 00:00:00 +0530 Sun, 17 Dec 2023 15:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311283 The Tribunal partly allowed the appeal, modifying the CIT(A)'s estimation of net profit from 8% to 6.75% for the Assessment Years 2011-12 and 2014-15. The Tribunal found this percentage to be fair and reasonable based on the assessee's historical performance and the nature of their business. The decision balanced the CIT(A)'s estimation with the assessee's disclosed net profits of 5.48% and 4.55%, ensuring a just outcome. Case-Laws Income Tax Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311283