https://www.taxtmi.com/caselaws?id=68690 The Tribunal upheld the CIT(A)'s decision to only add the profit element, not the entire value of stock shortage, in the case. It dismissed Revenue's appeal on this issue. Additionally, the Tribunal found no justification to enhance undisclosed sales estimation beyond the CIT(A)'s decision and dismissed Revenue's appeal on this matter as well. The Tribunal acknowledged the mandatory nature of interest under s. 158BFA(1) but granted partial relief. It ruled that no surcharge under s. 113 could be levied due to the timing of the search, ultimately dismissing this ground. en-us Fri, 23 Nov 2007 00:00:00 +0530 Tue, 07 Aug 2012 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68690 The Tribunal upheld the CIT(A)'s decision to only add the profit element, not the entire value of stock shortage, in the case. It dismissed Revenue's appeal on this issue. Additionally, the Tribunal found no justification to enhance undisclosed sales estimation beyond the CIT(A)'s decision and dismissed Revenue's appeal on this matter as well. The Tribunal acknowledged the mandatory nature of interest under s. 158BFA(1) but granted partial relief. It ruled that no surcharge under s. 113 could be levied due to the timing of the search, ultimately dismissing this ground. Case-Laws Income Tax Fri, 23 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68690