https://www.taxtmi.com/caselaws?id=239138 The Revenue appealed against the CIT(A)'s order, contesting the treatment of bank account credits as sales, determination of undisclosed turnover and income, and addition of Rs. 2,94,44,341/- as undisclosed income. The CIT(A) partly allowed the appeal by deleting the addition of bank account credits as undisclosed income and adjusting the undisclosed turnover. The dispute over profit estimation on transactions, specifically with M/s. SOL group, led to the CIT(A) directing a 4% profit estimation, contrary to the Assessing Officer's approach. The Revenue challenged this decision, advocating for the entire amount to be considered undisclosed income. en-us Wed, 04 Sep 2013 00:00:00 +0530 Thu, 07 Nov 2013 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239138 The Revenue appealed against the CIT(A)'s order, contesting the treatment of bank account credits as sales, determination of undisclosed turnover and income, and addition of Rs. 2,94,44,341/- as undisclosed income. The CIT(A) partly allowed the appeal by deleting the addition of bank account credits as undisclosed income and adjusting the undisclosed turnover. The dispute over profit estimation on transactions, specifically with M/s. SOL group, led to the CIT(A) directing a 4% profit estimation, contrary to the Assessing Officer's approach. The Revenue challenged this decision, advocating for the entire amount to be considered undisclosed income. Case-Laws Income Tax Wed, 04 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239138