Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Increase in Net Profit Rate to 6% After Book Rejection: ITAT Limits addition to ₹1 Lakh
Appeal Against OrderIncome Tax
The ITAT limited an addition to income despite an increase in net profit, stating that book rejection alone is not sufficient. This clarifies the criteria for making additions to income in cases of book rejection. The ITAT's ruling emphasizes the need for proper justification and evidence before making additions. This decision protects taxpayers from arbitrary additions based solely on book rejection.
