https://www.taxtmi.com/caselaws?id=62480 The Tribunal partially allowed the appeal, adjusting the profit assessment under s. 41(2) and accepting the explanation for the investment in the new truck. It emphasized the importance of considering the assessee's financial history and rejected unfounded suspicions without concrete evidence. en-us Fri, 28 Feb 1986 00:00:00 +0530 Thu, 20 Jan 2011 10:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62480 The Tribunal partially allowed the appeal, adjusting the profit assessment under s. 41(2) and accepting the explanation for the investment in the new truck. It emphasized the importance of considering the assessee's financial history and rejected unfounded suspicions without concrete evidence. Case-Laws Income Tax Fri, 28 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62480