https://www.taxtmi.com/caselaws?id=260963 The Tribunal dismissed Revenue's appeals against CIT(A)'s decisions for AYs 2004-05, 2008-09, and 2009-10 regarding GP additions for unaccounted stock sales. The Tribunal upheld CIT(A)'s rulings, emphasizing the distinction between raw material and finished goods sales outside the books. In each assessment year, the Tribunal supported the CIT(A)'s application of a 10% GP rate on unaccounted sales, resulting in sustained additions to the declared profits. en-us Fri, 29 May 2015 00:00:00 +0530 Mon, 29 Jun 2015 07:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260963 The Tribunal dismissed Revenue's appeals against CIT(A)'s decisions for AYs 2004-05, 2008-09, and 2009-10 regarding GP additions for unaccounted stock sales. The Tribunal upheld CIT(A)'s rulings, emphasizing the distinction between raw material and finished goods sales outside the books. In each assessment year, the Tribunal supported the CIT(A)'s application of a 10% GP rate on unaccounted sales, resulting in sustained additions to the declared profits. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260963