https://www.taxtmi.com/caselaws?id=189330 The appeal was partly allowed, with various issues remanded back to the AO for fresh consideration and decision. The effective addition pertained to unaccounted debtors, leading to the rejection of the challenge against unaccounted turnover calculations. The CIT(A)'s directions on unaccounted debtors were found sketchy, prompting the Tribunal to remand the matter for a fresh decision considering the peak debit balance of unaccounted transactions. Similarly, the Tribunal remanded the issues of unaccounted gold investment and bank deposits back to the AO for further verification and decision in line with relevant precedents. en-us Fri, 20 Apr 2012 00:00:00 +0530 Fri, 06 Jan 2017 10:50:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189330 The appeal was partly allowed, with various issues remanded back to the AO for fresh consideration and decision. The effective addition pertained to unaccounted debtors, leading to the rejection of the challenge against unaccounted turnover calculations. The CIT(A)'s directions on unaccounted debtors were found sketchy, prompting the Tribunal to remand the matter for a fresh decision considering the peak debit balance of unaccounted transactions. Similarly, the Tribunal remanded the issues of unaccounted gold investment and bank deposits back to the AO for further verification and decision in line with relevant precedents. Case-Laws Income Tax Fri, 20 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189330