https://www.taxtmi.com/caselaws?id=327366 The Tribunal partly allowed the appeal of the assessee, condoning the delay in filing the appeal, reducing the trading income addition based on gross profit rate, upholding the invocation of Section 145(3) due to lack of proper stock maintenance, and considering the comparison with the previous year's assessment for gross profit rate determination. The Tribunal emphasized the importance of substantial justice and accurate record-keeping while aligning with past decisions to ensure fairness in the outcome. en-us Thu, 31 Mar 2016 00:00:00 +0530 Tue, 10 May 2016 11:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327366 The Tribunal partly allowed the appeal of the assessee, condoning the delay in filing the appeal, reducing the trading income addition based on gross profit rate, upholding the invocation of Section 145(3) due to lack of proper stock maintenance, and considering the comparison with the previous year's assessment for gross profit rate determination. The Tribunal emphasized the importance of substantial justice and accurate record-keeping while aligning with past decisions to ensure fairness in the outcome. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327366