https://www.taxtmi.com/caselaws?id=774115 ITAT Patna rejected assessee's books of accounts due to suppressed purchases, sales, and unaccounted payments. The tribunal directed application of 5% net profit rate on total turnover including both recorded sales and unrecorded sales found in impounded documents. No separate additions were permitted for other expenditure heads, low household expenses, or undisclosed investments as these were covered by enhanced income estimation. The assessee was granted consequential relief with partial favorable decision. en-us Tue, 01 Jul 2025 00:00:00 +0530 Thu, 03 Jul 2025 08:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774115 ITAT Patna rejected assessee's books of accounts due to suppressed purchases, sales, and unaccounted payments. The tribunal directed application of 5% net profit rate on total turnover including both recorded sales and unrecorded sales found in impounded documents. No separate additions were permitted for other expenditure heads, low household expenses, or undisclosed investments as these were covered by enhanced income estimation. The assessee was granted consequential relief with partial favorable decision. Case-Laws Income Tax Tue, 01 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774115