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2013 (4) TMI 456 - HC - Income TaxMatter related to the what will be the adequate rate of net profit will be applied while making assessment of the assesse pertaining to the year 2007-08. – Held that - The Tribunal has applied net profit rate of 8% for the reason that net profit rate of 8% was applied in the case of assessee in the previous years 2005-06 and 2006-07, therefore, in the present assessment year, the Tribunal found no reason to interfere with the order passed by the Commissioner of Income-Tax (Appeals).of such rate applied in earlier years. Therefore, we do not find that any substantial question of law arises for consideration in the present appeal. Dismissed.
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