https://www.taxtmi.com/caselaws?id=238947 The Tribunal partially allowed the cross-appeals against the Commissioner of Income-tax (Appeals) order for the assessment year 2004-05. The income estimation for the partnership firm trading in crackers was reduced from 8 percent to 6 percent of sales, applying Section 44AF for retail trade. Unexplained purchases were deleted due to lack of evidence, and interest was levied under sections 234A, 234B, and 234C. The Tribunal's decision was upheld on August 24, 2012, dismissing the Revenue's appeal. en-us Fri, 24 Aug 2012 00:00:00 +0530 Thu, 24 Oct 2013 19:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238947 The Tribunal partially allowed the cross-appeals against the Commissioner of Income-tax (Appeals) order for the assessment year 2004-05. The income estimation for the partnership firm trading in crackers was reduced from 8 percent to 6 percent of sales, applying Section 44AF for retail trade. Unexplained purchases were deleted due to lack of evidence, and interest was levied under sections 234A, 234B, and 234C. The Tribunal's decision was upheld on August 24, 2012, dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 24 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238947