https://www.taxtmi.com/caselaws?id=797224 Addition based on an alleged fall in net profit rate was unsustainable because the assessment incorrectly treated the declared rate as 0.35% instead of the audited net profit rate of 46.99%. The audited financial results showed increased profitability compared with the preceding year, making the comparison underlying the addition factually incorrect. The addition founded on the erroneous net profit-rate comparison was deleted. en-us Thu, 30 Jul 2026 00:00:00 +0530 Wed, 19 Aug 2026 08:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797224 Addition based on an alleged fall in net profit rate was unsustainable because the assessment incorrectly treated the declared rate as 0.35% instead of the audited net profit rate of 46.99%. The audited financial results showed increased profitability compared with the preceding year, making the comparison underlying the addition factually incorrect. The addition founded on the erroneous net profit-rate comparison was deleted. Case-Laws Income Tax Thu, 30 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797224