https://www.taxtmi.com/caselaws?id=253089 The Tribunal partly allowed the assessee's appeal by reducing the profit rate to 5% on gross receipts and not treating all cash deposits as income. The AO was directed to verify peak credits in bank accounts and make additions accordingly. The judgment stressed the importance of providing evidence to support claims during tax assessments. en-us Wed, 12 Nov 2014 00:00:00 +0530 Fri, 14 Nov 2014 06:21:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253089 The Tribunal partly allowed the assessee's appeal by reducing the profit rate to 5% on gross receipts and not treating all cash deposits as income. The AO was directed to verify peak credits in bank accounts and make additions accordingly. The judgment stressed the importance of providing evidence to support claims during tax assessments. Case-Laws Income Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253089