https://www.taxtmi.com/caselaws?id=208298 The case involved disputes over the valuation of unaccounted stock, classification of surrendered income, separate profit calculation for scrap sales, and assessment of excessive wastage and net profit rate. The outcome saw both appeals partly allowed for statistical purposes, with specific issues remanded to the CIT(A) for detailed examination and application of the previous year's net profit rate. The classification of surrendered income as "Income from Other Sources" was upheld. en-us Tue, 23 Nov 2010 00:00:00 +0530 Tue, 11 Oct 2011 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208298 The case involved disputes over the valuation of unaccounted stock, classification of surrendered income, separate profit calculation for scrap sales, and assessment of excessive wastage and net profit rate. The outcome saw both appeals partly allowed for statistical purposes, with specific issues remanded to the CIT(A) for detailed examination and application of the previous year's net profit rate. The classification of surrendered income as "Income from Other Sources" was upheld. Case-Laws Income Tax Tue, 23 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208298