https://www.taxtmi.com/caselaws?id=779860 ITAT DELHI allowed the assessee's appeal against the AO's rejection of books and estimation. The Tribunal found the assessee to be a pass-through entity providing processing/regularization services for a larger group, with limited control and thin margins supported by accounts and modus operandi. AO failed to seek corroborative information from the group. Having regard to consistent declared GP of 0.29% and comparable authority at 0.50%, the Tribunal fixed estimated gross profit at 0.40% of gross sales. en-us Wed, 08 Oct 2025 00:00:00 +0530 Tue, 14 Oct 2025 09:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779860 ITAT DELHI allowed the assessee's appeal against the AO's rejection of books and estimation. The Tribunal found the assessee to be a pass-through entity providing processing/regularization services for a larger group, with limited control and thin margins supported by accounts and modus operandi. AO failed to seek corroborative information from the group. Having regard to consistent declared GP of 0.29% and comparable authority at 0.50%, the Tribunal fixed estimated gross profit at 0.40% of gross sales. Case-Laws Income Tax Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779860