https://www.taxtmi.com/caselaws?id=218731 The Tribunal partly allowed the Revenue's appeals, confirming additions based on a 3% profit rate on suppressed sales for the relevant assessment years. The Tribunal rejected arguments for the application of gross profit rate and disallowance of expenditures under section 40A(3) of the Income Tax Act, finding no support for cash payments triggering the provisions. en-us Fri, 20 Jan 2012 00:00:00 +0530 Sat, 24 Nov 2012 02:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218731 The Tribunal partly allowed the Revenue's appeals, confirming additions based on a 3% profit rate on suppressed sales for the relevant assessment years. The Tribunal rejected arguments for the application of gross profit rate and disallowance of expenditures under section 40A(3) of the Income Tax Act, finding no support for cash payments triggering the provisions. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218731