https://www.taxtmi.com/caselaws?id=326440 The Tribunal partly allowed the appeal, sustaining the Assessing Officer's additions and overturning the Commissioner of Income Tax (Appeals)'s enhancement. The total addition of Rs. 2,18,249/- was upheld, with the Tribunal applying an 8% net profit rate on undisclosed credit and maintaining the peak credit addition. The revised return was deemed valid, filed within the permissible time under Section 139(5) of the Act. The decision was pronounced on 2nd March 2016. en-us Wed, 02 Mar 2016 00:00:00 +0530 Fri, 15 Apr 2016 11:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326440 The Tribunal partly allowed the appeal, sustaining the Assessing Officer's additions and overturning the Commissioner of Income Tax (Appeals)'s enhancement. The total addition of Rs. 2,18,249/- was upheld, with the Tribunal applying an 8% net profit rate on undisclosed credit and maintaining the peak credit addition. The revised return was deemed valid, filed within the permissible time under Section 139(5) of the Act. The decision was pronounced on 2nd March 2016. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326440