https://www.taxtmi.com/caselaws?id=246182 The Tribunal partly allowed the Revenue's appeals, directing that the profits for both assessment years be estimated at a G.P. rate of 20%, rather than the 40% applied by the A.O. or the N.P. rate used by the CIT(A). This decision aimed to provide a fair estimation of the Assessee's unaccounted income while acknowledging the discrepancies in the recorded expenses and sales. en-us Fri, 10 Jan 2014 00:00:00 +0530 Fri, 18 Apr 2014 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246182 The Tribunal partly allowed the Revenue's appeals, directing that the profits for both assessment years be estimated at a G.P. rate of 20%, rather than the 40% applied by the A.O. or the N.P. rate used by the CIT(A). This decision aimed to provide a fair estimation of the Assessee's unaccounted income while acknowledging the discrepancies in the recorded expenses and sales. Case-Laws Income Tax Fri, 10 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246182