https://www.taxtmi.com/caselaws?id=339490 The Tribunal partly allowed the appeal by adjusting the profit ratio applied to the unrecorded transactions. The income addition was reduced to Rs. 4,44,066, and the rest of the addition was deleted. The Tribunal emphasized the need for the assessee to reconcile transactions reported by the Bombay Stock Exchange and upheld the principle that Annual Information Report information cannot be simply brushed aside. en-us Wed, 22 Feb 2017 00:00:00 +0530 Tue, 28 Feb 2017 11:43:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339490 The Tribunal partly allowed the appeal by adjusting the profit ratio applied to the unrecorded transactions. The income addition was reduced to Rs. 4,44,066, and the rest of the addition was deleted. The Tribunal emphasized the need for the assessee to reconcile transactions reported by the Bombay Stock Exchange and upheld the principle that Annual Information Report information cannot be simply brushed aside. Case-Laws Income Tax Wed, 22 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339490