https://www.taxtmi.com/caselaws?id=62941 The Tribunal partly allowed the appeal, directing the acceptance of sales at Rs. 33,20,587 and application of a gross profit rate of 44%. The Tribunal upheld the CIT(A)'s decision on treating counter sales for weighted deduction u/s 35B, following precedent set in a similar case. The Accountant Member and the third member supported accepting the assessee's trading results, emphasizing lack of evidence for additions made by the ITO. The final decision confirmed the CIT(A)'s order and rejected the revenue's contentions. en-us Wed, 03 May 1989 00:00:00 +0530 Tue, 25 Jan 2011 17:05:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62941 The Tribunal partly allowed the appeal, directing the acceptance of sales at Rs. 33,20,587 and application of a gross profit rate of 44%. The Tribunal upheld the CIT(A)'s decision on treating counter sales for weighted deduction u/s 35B, following precedent set in a similar case. The Accountant Member and the third member supported accepting the assessee's trading results, emphasizing lack of evidence for additions made by the ITO. The final decision confirmed the CIT(A)'s order and rejected the revenue's contentions. Case-Laws Income Tax Wed, 03 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62941