https://www.taxtmi.com/caselaws?id=246084 The Tribunal upheld the decision of the CIT(Appeals) to delete the additions made by the Assessing Officer, including the estimated gross profit rate, the difference in closing balance in the accounts of M/s. IOC Ltd, the unexplained liability carried forward from the previous year, and the addition under section 44AE for a Tanker Lorry. The Tribunal dismissed the Revenue's appeal, finding the deletions justified based on the explanations provided and precedents cited. en-us Tue, 26 Nov 2013 00:00:00 +0530 Wed, 16 Apr 2014 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246084 The Tribunal upheld the decision of the CIT(Appeals) to delete the additions made by the Assessing Officer, including the estimated gross profit rate, the difference in closing balance in the accounts of M/s. IOC Ltd, the unexplained liability carried forward from the previous year, and the addition under section 44AE for a Tanker Lorry. The Tribunal dismissed the Revenue's appeal, finding the deletions justified based on the explanations provided and precedents cited. Case-Laws Income Tax Tue, 26 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246084