https://www.taxtmi.com/caselaws?id=68197 The Tribunal partially allowed the appeals, upholding the application of Section 145(2) and the Gross Profit (GP) rate applied by the Assessing Officer (AO). The estimation of sales by the AO was canceled due to lack of concrete evidence. Disallowances of various expenses were confirmed, while additions on account of marriage expenses of relatives of partners were deleted. The Tribunal clarified that the assessee was given an opportunity to explain expenses. en-us Mon, 20 Sep 1999 00:00:00 +0530 Thu, 17 Mar 2011 15:48:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68197 The Tribunal partially allowed the appeals, upholding the application of Section 145(2) and the Gross Profit (GP) rate applied by the Assessing Officer (AO). The estimation of sales by the AO was canceled due to lack of concrete evidence. Disallowances of various expenses were confirmed, while additions on account of marriage expenses of relatives of partners were deleted. The Tribunal clarified that the assessee was given an opportunity to explain expenses. Case-Laws Income Tax Mon, 20 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68197