https://www.taxtmi.com/caselaws?id=210995 The tribunal partially allowed the assessee's appeal by upholding the rejection of the accounts but directing a more reasonable estimation of gross profit. It permitted the admission of additional evidence regarding the unexplained credit and instructed the AO to verify this evidence. The request for production of additional documents was deemed reasonable, and the tribunal directed the AO to examine and verify the new documents. The non-pressed ground was dismissed. en-us Mon, 25 Jul 2011 00:00:00 +0530 Tue, 28 Feb 2012 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210995 The tribunal partially allowed the assessee's appeal by upholding the rejection of the accounts but directing a more reasonable estimation of gross profit. It permitted the admission of additional evidence regarding the unexplained credit and instructed the AO to verify this evidence. The request for production of additional documents was deemed reasonable, and the tribunal directed the AO to examine and verify the new documents. The non-pressed ground was dismissed. Case-Laws Income Tax Mon, 25 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210995