https://www.taxtmi.com/caselaws?id=238882 The Tribunal partially allowed the Revenue's appeal by directing a lump sum addition of 10% of unaccounted sales, amounting to Rs. 30,53,238. This decision considered the peculiar circumstances of the case, emphasizing that only the profit embedded in unaccounted sales should be treated as income. The Tribunal restricted the addition to 10% of unaccounted sales, balancing the recognition of income from unaccounted sales with the absence of gross profits in relevant assessment years. en-us Thu, 05 Sep 2013 00:00:00 +0530 Sat, 02 Nov 2013 06:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238882 The Tribunal partially allowed the Revenue's appeal by directing a lump sum addition of 10% of unaccounted sales, amounting to Rs. 30,53,238. This decision considered the peculiar circumstances of the case, emphasizing that only the profit embedded in unaccounted sales should be treated as income. The Tribunal restricted the addition to 10% of unaccounted sales, balancing the recognition of income from unaccounted sales with the absence of gross profits in relevant assessment years. Case-Laws Income Tax Thu, 05 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238882