https://www.taxtmi.com/caselaws?id=777933 Net profit rate applied to undisclosed business receipts was restricted to 7.8% because the assessee's disclosed business results and past data consistently supported that rate, and the Revenue did not rebut that factual position. The higher 12% rate was therefore not sustained on the material on record, and the assessment of undisclosed receipts was correspondingly reduced. en-us Wed, 15 Jan 2025 00:00:00 +0530 Mon, 08 Sep 2025 13:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777933 Net profit rate applied to undisclosed business receipts was restricted to 7.8% because the assessee's disclosed business results and past data consistently supported that rate, and the Revenue did not rebut that factual position. The higher 12% rate was therefore not sustained on the material on record, and the assessment of undisclosed receipts was correspondingly reduced. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777933