2012 (3) TMI 692 - ITAT CHANDIGARH - Income Tax

Extract:
.......onsidered opinion that the end of justice would be served, if 7% net profit is adopted, as income of the assessee. Accordingly, the relief is given to the assessee and the AO is directed to recompute the income of the assessee. The assessee gets part relief. 6. In the result, appeal of the assessee is partly allowed. Order Pronounced on 15 .03.2012