https://www.taxtmi.com/caselaws?id=254180 The Tribunal found issues with the Assessing Officer's estimation of suppressed sales and income, directing a reevaluation. The estimation was to be revised using a corrected ratio, limited to specific assessment years, and the profit on undisclosed turnover set at 10%. Appeals for 1999-2000 to 2002-03 were allowed, while those for 2003-04 to 2005-06 were partly allowed. The Tribunal stressed fair consideration of all facts and legal compliance. en-us Wed, 10 Dec 2014 00:00:00 +0530 Mon, 15 Dec 2014 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254180 The Tribunal found issues with the Assessing Officer's estimation of suppressed sales and income, directing a reevaluation. The estimation was to be revised using a corrected ratio, limited to specific assessment years, and the profit on undisclosed turnover set at 10%. Appeals for 1999-2000 to 2002-03 were allowed, while those for 2003-04 to 2005-06 were partly allowed. The Tribunal stressed fair consideration of all facts and legal compliance. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254180