https://www.taxtmi.com/caselaws?id=252366 The Tribunal upheld the CIT(A)'s decisions, reducing additions on account of low Gross Profit, disallowances of various expenses, differences in closing balance with creditors, and low household withdrawals. The Tribunal affirmed the CIT(A)'s application of a 9.7% GP rate and sustained partial additions, dismissing both the Department's and the assessee's appeals. en-us Mon, 02 Jun 2014 00:00:00 +0530 Mon, 06 Oct 2014 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252366 The Tribunal upheld the CIT(A)'s decisions, reducing additions on account of low Gross Profit, disallowances of various expenses, differences in closing balance with creditors, and low household withdrawals. The Tribunal affirmed the CIT(A)'s application of a 9.7% GP rate and sustained partial additions, dismissing both the Department's and the assessee's appeals. Case-Laws Income Tax Mon, 02 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252366