https://www.taxtmi.com/caselaws?id=327067 The Tribunal partially allowed the assessee's appeal. It rejected the CIT's order on the estimation of net profit, affirming the A.O.'s proper enquiry. However, it upheld the CIT's decision on verifying unsecured loans and capital introduction, as the A.O. had not adequately examined these aspects. The Tribunal's decision in ITA No.194 of 2012 mirrored that of ITA No.191 of 2012, resulting in a partial allowance of the appeal. en-us Thu, 31 Mar 2016 00:00:00 +0530 Tue, 03 May 2016 09:31:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327067 The Tribunal partially allowed the assessee's appeal. It rejected the CIT's order on the estimation of net profit, affirming the A.O.'s proper enquiry. However, it upheld the CIT's decision on verifying unsecured loans and capital introduction, as the A.O. had not adequately examined these aspects. The Tribunal's decision in ITA No.194 of 2012 mirrored that of ITA No.191 of 2012, resulting in a partial allowance of the appeal. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327067