https://www.taxtmi.com/caselaws?id=68330 The Tribunal partially allowed the appeal for the assessment year 1989-90, directing the Assessing Officer to restrict the addition in declared gross profit to a nominal amount due to a substantial increase in sales. Additionally, the Tribunal ordered the deletion of the alleged interest income received in relation to short cash found during the survey, emphasizing taxation based on real income. The decision provided relief to the assessee on both issues raised in the appeal. en-us Thu, 18 Nov 1999 00:00:00 +0530 Sat, 03 Sep 2011 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68330 The Tribunal partially allowed the appeal for the assessment year 1989-90, directing the Assessing Officer to restrict the addition in declared gross profit to a nominal amount due to a substantial increase in sales. Additionally, the Tribunal ordered the deletion of the alleged interest income received in relation to short cash found during the survey, emphasizing taxation based on real income. The decision provided relief to the assessee on both issues raised in the appeal. Case-Laws Income Tax Thu, 18 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68330