https://www.taxtmi.com/caselaws?id=335136 The Tribunal partly allowed the appeal filed by the assessee, directing a 50% reduction in the addition related to low gross profit estimation in the first issue. However, the disallowance under section 14A of the Income Tax Act was upheld against the assessee in the second issue. The Tribunal found in favor of the revenue on this matter, affirming the CIT(A)'s decision. The judgment provided thorough analysis and reasoning for each issue, ensuring a just outcome based on the presented facts. en-us Fri, 23 Sep 2016 00:00:00 +0530 Sat, 26 Nov 2016 10:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335136 The Tribunal partly allowed the appeal filed by the assessee, directing a 50% reduction in the addition related to low gross profit estimation in the first issue. However, the disallowance under section 14A of the Income Tax Act was upheld against the assessee in the second issue. The Tribunal found in favor of the revenue on this matter, affirming the CIT(A)'s decision. The judgment provided thorough analysis and reasoning for each issue, ensuring a just outcome based on the presented facts. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335136