https://www.taxtmi.com/caselaws?id=216381 The tribunal partly allowed the revenue's appeals and allowed the assessee's cross-objection for statistical purposes. The AO was directed to compute the profit on unaccounted sales using the GP rate declared by the assessee and to reconsider the issue of unexplained investment in stock. The tribunal upheld the CIT(A)'s decision to give credit for undisclosed income already offered by the assessee while making additions on account of peak credit. en-us Fri, 22 Jun 2012 00:00:00 +0530 Tue, 21 Aug 2012 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216381 The tribunal partly allowed the revenue's appeals and allowed the assessee's cross-objection for statistical purposes. The AO was directed to compute the profit on unaccounted sales using the GP rate declared by the assessee and to reconsider the issue of unexplained investment in stock. The tribunal upheld the CIT(A)'s decision to give credit for undisclosed income already offered by the assessee while making additions on account of peak credit. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216381