https://www.taxtmi.com/caselaws?id=795683 Net profit from the newspaper and magazine publication business was considered to arise on wafer-thin margins despite high turnover. Estimating profit at 15% of turnover lacked justification on the stated facts. A rate of 0.5% of turnover was identified as a reasonable basis for computing net profit, favouring the assessee. en-us Wed, 10 Jun 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795683 Net profit from the newspaper and magazine publication business was considered to arise on wafer-thin margins despite high turnover. Estimating profit at 15% of turnover lacked justification on the stated facts. A rate of 0.5% of turnover was identified as a reasonable basis for computing net profit, favouring the assessee. Case-Laws Income Tax Wed, 10 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795683