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2012 (7) TMI 787 - ITAT, AHMEDABADRejection of accounts of the Assessee u/s.145 of the I.T. Act - flat rate of net profit to the gross receipt of the assessee – Held that:- Merely because there was a fall in net profit rate, there is no reason to reject the books of account of the assessee - difference in TDS figures as per certificates and as per books of account have been reconciled by the assessee and the reconciliation has been accepted as correct by the Assessing Officer - appeal of the assessee are allowed CIT(A) was not justified in directing to take the Net Profit @ 4% on the declared receipts
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