https://www.taxtmi.com/caselaws?id=68003 The Tribunal partly allowed the Revenue's appeals, affirming the CIT(A)'s decisions on several issues. It upheld the deletion of the addition for excess stock, reduction of additions for unaccounted sales and undisclosed investments, and the application of a 5.5% GP rate. The Tribunal also ruled that interest under Section 158BFA(1) should not be charged until the supply of seized document copies, remanding the matter to the AO for further verification. The Tribunal's decisions were based on the evidence provided by the assessee and the lack of justification from the AO for certain additions. en-us Thu, 05 Aug 2004 00:00:00 +0530 Wed, 03 Jul 2024 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68003 The Tribunal partly allowed the Revenue's appeals, affirming the CIT(A)'s decisions on several issues. It upheld the deletion of the addition for excess stock, reduction of additions for unaccounted sales and undisclosed investments, and the application of a 5.5% GP rate. The Tribunal also ruled that interest under Section 158BFA(1) should not be charged until the supply of seized document copies, remanding the matter to the AO for further verification. The Tribunal's decisions were based on the evidence provided by the assessee and the lack of justification from the AO for certain additions. Case-Laws Income Tax Thu, 05 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68003