ITAT upheld CIT(A)'s finding regarding unaccounted sales,...

ITAT upheld CIT(A)'s finding regarding unaccounted sales, dismissing Revenue's appeal. The tribunal determined that a substantial portion of allegedly unaccounted sales were already recorded in the assessee's books. Given the minimal volume of transactions with the specific party and verified accounting, the tribunal concluded that only the gross profit rate could be applied to potentially unaccounted sales. The decision emphasized that without challenging purchase records, entire sales cannot be summarily added as unaccounted. Consequently, the tribunal applied the disclosed gross profit rate reasonably and rejected the Revenue's broader claim of complete sales addition.