https://www.taxtmi.com/caselaws?id=234924 The Tribunal deemed the delay in filing the appeal as condoned despite the initial refusal to condone it, citing a similar case from the High Court of Madras. The Tribunal adjusted the Gross Profit ratio estimation by the Assessing Officer based on industry standards and lack of expense vouchers, partially allowing the appeal. The Tribunal upheld the appeal partially, considering the merits of the case and the implicit condonation of the delay due to addressing the appeal on its substance. en-us Thu, 20 Jun 2013 00:00:00 +0530 Thu, 04 Jul 2013 06:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234924 The Tribunal deemed the delay in filing the appeal as condoned despite the initial refusal to condone it, citing a similar case from the High Court of Madras. The Tribunal adjusted the Gross Profit ratio estimation by the Assessing Officer based on industry standards and lack of expense vouchers, partially allowing the appeal. The Tribunal upheld the appeal partially, considering the merits of the case and the implicit condonation of the delay due to addressing the appeal on its substance. Case-Laws Income Tax Thu, 20 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234924