https://www.taxtmi.com/caselaws?id=266116 The Appellate Tribunal partly allowed the appeal, reducing the estimated business income to 5% of turnover from the initial 8%, resulting in a total income of &8377; 9,36,273. The Tribunal also ruled in favor of the assessee regarding the treatment of unexplained credits under section 68 of the Act, citing legal precedents and the need for detailed scrutiny. The decision aimed to ensure fairness in the assessment process, considering both legal principles and factual circumstances. en-us Fri, 17 Oct 2014 00:00:00 +0530 Sun, 18 Oct 2015 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266116 The Appellate Tribunal partly allowed the appeal, reducing the estimated business income to 5% of turnover from the initial 8%, resulting in a total income of &8377; 9,36,273. The Tribunal also ruled in favor of the assessee regarding the treatment of unexplained credits under section 68 of the Act, citing legal precedents and the need for detailed scrutiny. The decision aimed to ensure fairness in the assessment process, considering both legal principles and factual circumstances. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266116