https://www.taxtmi.com/caselaws?id=760259 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to recalculate the income at 3% of the turnover, instead of the original estimation. This decision acknowledged the varying profit margins in the liquor trade and the impact of privileged fees, aligning with precedent from the Coordinate Bench. en-us Mon, 07 Oct 2024 00:00:00 +0530 Thu, 17 Oct 2024 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760259 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to recalculate the income at 3% of the turnover, instead of the original estimation. This decision acknowledged the varying profit margins in the liquor trade and the impact of privileged fees, aligning with precedent from the Coordinate Bench. Case-Laws Income Tax Mon, 07 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760259