https://www.taxtmi.com/caselaws?id=778232 ITAT remanded the matter after finding that the ld. CIT(A) accepted rejection of books but failed to estimate profit using rates from comparable cases or market data. The Tribunal directed the file back to the AO to determine net profit afresh, permitting the assessee to place comparable cases showing approximately 5% margins and authorizing the AO to collect relevant market information and decide after giving a reasonable opportunity of hearing. The revenue's appeal was allowed for statistical purposes. en-us Wed, 10 Sep 2025 00:00:00 +0530 Fri, 12 Sep 2025 08:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778232 ITAT remanded the matter after finding that the ld. CIT(A) accepted rejection of books but failed to estimate profit using rates from comparable cases or market data. The Tribunal directed the file back to the AO to determine net profit afresh, permitting the assessee to place comparable cases showing approximately 5% margins and authorizing the AO to collect relevant market information and decide after giving a reasonable opportunity of hearing. The revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 10 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778232