https://www.taxtmi.com/caselaws?id=267029 The Tribunal, following precedent, deleted additions for alleged suppression of sales based on electricity consumption, rejection of books of account, and undisclosed investment under section 69C. The Tribunal directed the AO to apply a GP rate of 4% or the actual rate declared by the assessee for admitted clandestine removal of goods. The Tribunal found assessments under section 143(3) read with section 153A without incriminating material unjustified and dismissed the Revenue's appeals while partially allowing the assessee's appeals. en-us Thu, 24 Sep 2015 00:00:00 +0530 Wed, 28 Oct 2015 08:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267029 The Tribunal, following precedent, deleted additions for alleged suppression of sales based on electricity consumption, rejection of books of account, and undisclosed investment under section 69C. The Tribunal directed the AO to apply a GP rate of 4% or the actual rate declared by the assessee for admitted clandestine removal of goods. The Tribunal found assessments under section 143(3) read with section 153A without incriminating material unjustified and dismissed the Revenue's appeals while partially allowing the assessee's appeals. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267029