https://www.taxtmi.com/caselaws?id=793412 Delay in filing the appeal was condoned because the assessee showed a communication gap with the earlier representative, late receipt of records, and time needed to engage new counsel, with no deliberate inaction or neglect. On merits, estimation of income at 8% of turnover was found excessive in light of the audit report, financial statements, and past net profit history of about 2.04% to 2.38%, so the addition was restricted by adopting 4% net profit on total turnover. The appeal thus succeeded only in part, with partial relief granted on both limitation and quantum. en-us Tue, 02 Jun 2026 00:00:00 +0530 Mon, 15 Jun 2026 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793412 Delay in filing the appeal was condoned because the assessee showed a communication gap with the earlier representative, late receipt of records, and time needed to engage new counsel, with no deliberate inaction or neglect. On merits, estimation of income at 8% of turnover was found excessive in light of the audit report, financial statements, and past net profit history of about 2.04% to 2.38%, so the addition was restricted by adopting 4% net profit on total turnover. The appeal thus succeeded only in part, with partial relief granted on both limitation and quantum. Case-Laws Income Tax Tue, 02 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793412