https://www.taxtmi.com/caselaws?id=68585 The Tribunal upheld the CIT(A)'s decisions, dismissing the Department's appeals and partly allowing the assessee's appeal. It accepted the assessee's Gross Profit rate, reduced the disallowance of expenses to 1/10th, and confirmed deletions of additions related to processing charges, cloth shrinkage, dalali expenditure, unexplained credits, trading additions, and alleged bogus expenditures. Interest under Sections 234A, 234B, and 234C was deemed mandatory but subject to adjustments based on relief granted. en-us Fri, 09 Dec 2005 00:00:00 +0530 Mon, 01 Apr 2024 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68585 The Tribunal upheld the CIT(A)'s decisions, dismissing the Department's appeals and partly allowing the assessee's appeal. It accepted the assessee's Gross Profit rate, reduced the disallowance of expenses to 1/10th, and confirmed deletions of additions related to processing charges, cloth shrinkage, dalali expenditure, unexplained credits, trading additions, and alleged bogus expenditures. Interest under Sections 234A, 234B, and 234C was deemed mandatory but subject to adjustments based on relief granted. Case-Laws Income Tax Fri, 09 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68585