https://www.taxtmi.com/caselaws?id=447350 The Tribunal condoned the 346-day delay in filing the appeal, finding justifiable reasons including lack of awareness of the order and medical issues. The appeal was admitted for hearing. Regarding the assessment of profit percentage, the appellant contested the AO's estimation of profit at 5% on retail liquor trade purchases. The Tribunal, considering the arguments, directed the AO to reduce the profit estimation to 4%, partially allowing the appeal. en-us Thu, 21 Dec 2023 00:00:00 +0530 Sat, 23 Dec 2023 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447350 The Tribunal condoned the 346-day delay in filing the appeal, finding justifiable reasons including lack of awareness of the order and medical issues. The appeal was admitted for hearing. Regarding the assessment of profit percentage, the appellant contested the AO's estimation of profit at 5% on retail liquor trade purchases. The Tribunal, considering the arguments, directed the AO to reduce the profit estimation to 4%, partially allowing the appeal. Case-Laws Income Tax Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447350